IDEAS home Printed from https://ideas.repec.org/a/anr/reseco/v9y2017p143-163.html
   My bibliography  Save this article

Integrated Assessment Models of the Food, Energy, and Water Nexus: A Review and an Outline of Research Needs

Author

Listed:
  • Catherine L. Kling

    (Department of Economics and Center for Agricultural and Rural Development, Iowa State University, Ames, Iowa 50011)

  • Raymond W. Arritt

    (Department of Agronomy, Iowa State University, Ames, Iowa 50011)

  • Gray Calhoun

    (Department of Economics and Center for Agricultural and Rural Development, Iowa State University, Ames, Iowa 50011)

  • David A. Keiser

    (Department of Economics and Center for Agricultural and Rural Development, Iowa State University, Ames, Iowa 50011)

Abstract

Food, energy, and water (FEW) systems play a fundamental role in determining societal health and economic well-being. However, current and expected changes in climate, population, and land use place these systems under considerable stress. To improve policies that target these challenges, this review highlights the need for integrating biophysical and economic models of the FEW nexus. We discuss advancements in modeling individual components that comprise this system and outline fundamental research needs for these individual areas as well as for model integration. Though great strides have been made in individual and integrated modeling, we nevertheless find a considerable need for improved integration of economic decision-making with biophysical models. We also highlight a need for improved model validation.

Suggested Citation

  • Catherine L. Kling & Raymond W. Arritt & Gray Calhoun & David A. Keiser, 2017. "Integrated Assessment Models of the Food, Energy, and Water Nexus: A Review and an Outline of Research Needs," Annual Review of Resource Economics, Annual Reviews, vol. 9(1), pages 143-163, October.
    • Handle: RePEc:anr:reseco:v:9:y:2017:p:143-163
    DOI: 10.1146/annurev-resource-100516-033533
    as

    Download full text from publisher

    File URL: https://doi.org/10.1146/annurev-resource-100516-033533
    Download Restriction: Full text downloads are only available to subscribers. Visit the abstract page for more information.
    File URL: https://libkey.io/10.1146/annurev-resource-100516-033533?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Jacinto F. Fabiosa & John C. Beghin & Fengxia Dong & JAmani Elobeid & Simla Tokgoz & Tun-Hsiang Yu, 2010. "Land Allocation Effects of the Global Ethanol Surge: Predictions from the International FAPRI Model," Land Economics, University of Wisconsin Press, vol. 86(4), pages 687-706.
    2. Lars Peter Hansen & Thomas J Sargent, 2014. "Uncertainty within Economic Models," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 9028, January.
    3. Michael Greenstone & Rema Hanna, 2014. "Environmental Regulations, Air and Water Pollution, and Infant Mortality in India," American Economic Review, American Economic Association, vol. 104(10), pages 3038-3072, October.
    4. Hilary Sigman, 2002. "International Spillovers and Water Quality in Rivers: Do Countries Free Ride?," American Economic Review, American Economic Association, vol. 92(4), pages 1152-1159, September.
    5. Manski, Charles F, 1990. "Nonparametric Bounds on Treatment Effects," American Economic Review, American Economic Association, vol. 80(2), pages 319-323, May.
    6. David A Keiser & Joseph S Shapiro, 2019. "Consequences of the Clean Water Act and the Demand for Water Quality," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 134(1), pages 349-396.
    7. Bo Xiong & John C. Beghin, 2017. "Stringent Maximum Residue Limits, Protectionism, and Competitiveness: The Cases of the US and Canada," World Scientific Book Chapters, in: John Christopher Beghin (ed.), Nontariff Measures and International Trade, chapter 12, pages 193-207, World Scientific Publishing Co. Pte. Ltd..
    8. Sims, Christopher A, 1980. "Macroeconomics and Reality," Econometrica, Econometric Society, vol. 48(1), pages 1-48, January.
    9. Uhlig, Harald, 2005. "What are the effects of monetary policy on output? Results from an agnostic identification procedure," Journal of Monetary Economics, Elsevier, vol. 52(2), pages 381-419, March.
    10. Catherine L. Kling & Daniel J. Phaneuf & Jinhua Zhao, 2012. "From Exxon to BP: Has Some Number Become Better Than No Number?," Journal of Economic Perspectives, American Economic Association, vol. 26(4), pages 3-26, Fall.
    11. Chen, Xiaoguang & Huang, Haixiao & Khanna, Madhu & Önal, Hayri, 2014. "Alternative transportation fuel standards: Welfare effects and climate benefits," Journal of Environmental Economics and Management, Elsevier, vol. 67(3), pages 241-257.
    12. Randhir, Timothy O. & Hertel, Thomas W., 2000. "Trade Liberalization As A Vehicle For Adapting To Global Warming," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 29(2), pages 1-14, October.
    13. Hansen, Lars Peter & Sargent, Thomas J., 2007. "Recursive robust estimation and control without commitment," Journal of Economic Theory, Elsevier, vol. 136(1), pages 1-27, September.
    14. Christoph Schmitz & Hans van Meijl & Page Kyle & Gerald C. Nelson & Shinichiro Fujimori & Angelo Gurgel & Petr Havlik & Edwina Heyhoe & Daniel Mason d'Croz & Alexander Popp & Ron Sands & Andrzej Tabea, 2014. "Land-use change trajectories up to 2050: insights from a global agro-economic model comparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 69-84, January.
    15. Hayes, Dermot J. & Babcock, Bruce A. & Fabiosa, Jacinto F. & Tokgoz, Simla & Elobeid, Amani E. & Yu, Tun-Hsiang (Edward) & Dong, Fengxia & Hart, Chad E. & Chavez, Eddie C. & Pan, Suwen & Carriquiry, M, 2009. "Biofuels: Potential Production Capacity, Effects on Grain and Livestock Sectors, and Implications for Food Prices and Consumers," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(2), April.
    16. GR Pautsch & LA Kurkalova & BA Babcock & CL Kling, 2001. "The Efficiency Of Sequestering Carbon In Agricultural Soils," Contemporary Economic Policy, Western Economic Association International, vol. 19(2), pages 123-134, April.
    17. Guido W. Imbens & Jeffrey M. Wooldridge, 2009. "Recent Developments in the Econometrics of Program Evaluation," Journal of Economic Literature, American Economic Association, vol. 47(1), pages 5-86, March.
    18. Hermann Lotze-Campen & Martin Lampe & Page Kyle & Shinichiro Fujimori & Petr Havlik & Hans Meijl & Tomoko Hasegawa & Alexander Popp & Christoph Schmitz & Andrzej Tabeau & Hugo Valin & Dirk Willenbocke, 2014. "Impacts of increased bioenergy demand on global food markets: an AgMIP economic model intercomparison," Agricultural Economics, International Association of Agricultural Economists, vol. 45(1), pages 103-116, January.
    19. Keith C. Knapp & Kurt A. Schwabe, 2008. "Spatial Dynamics of Water and Nitrogen Management in Irrigated Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(2), pages 524-539.
    20. Elobeid, Amani E. & Carriquiry, Miguel & Dumortier, Jerome & Rosas, Francisco & Mulik, Kranti & Fabiosa, Jacinto F. & Hayes, Dermot J. & Babcock, Bruce A., 2013. "Biofuel Expansion, Fertilizer Use, and GHG Emissions: Unintended Consequences of Mitigation Policies," ISU General Staff Papers 201301010800001013, Iowa State University, Department of Economics.
    21. Timmermann, Allan, 2006. "Forecast Combinations," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 1, chapter 4, pages 135-196, Elsevier.
    22. Knapp, Keith C. & Schwabe, Kurt A., 2008. "AJAE Appendix: Spatial Dynamics of Water and Nitrogen Management in Irrigated Agriculture," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 90(2), pages 1-17.
    23. Clark, Todd & McCracken, Michael, 2013. "Advances in Forecast Evaluation," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1107-1201, Elsevier.
    24. Tara W. Hudiburg & WeiWei Wang & Madhu Khanna & Stephen P. Long & Puneet Dwivedi & William J. Parton & Melannie Hartman & Evan H. DeLucia, 2016. "Impacts of a 32-billion-gallon bioenergy landscape on land and fossil fuel use in the US," Nature Energy, Nature, vol. 1(1), pages 1-7, January.
    25. Janine Pelikan & Wolfgang Britz & Thomas W. Hertel, 2015. "Green Light for Green Agricultural Policies? An Analysis at Regional and Global Scales," Journal of Agricultural Economics, Wiley Blackwell, vol. 66(1), pages 1-19, February.
    26. West, Kenneth D, 1996. "Asymptotic Inference about Predictive Ability," Econometrica, Econometric Society, vol. 64(5), pages 1067-1084, September.
    27. Shimshack, Jay P. & Ward, Michael B., 2008. "Enforcement and over-compliance," Journal of Environmental Economics and Management, Elsevier, vol. 55(1), pages 90-105, January.
    28. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2005. "Will U.S. Agriculture Really Benefit from Global Warming? Accounting for Irrigation in the Hedonic Approach," American Economic Review, American Economic Association, vol. 95(1), pages 395-406, March.
    29. Valentina Corradi & Norman Swanson, 2006. "Predictive Density Evaluation. Revised," Departmental Working Papers 200621, Rutgers University, Department of Economics.
    30. Graham Elliott & Allan Timmermann, 2016. "Economic Forecasting," Economics Books, Princeton University Press, edition 1, number 10740.
    31. J. Doyne Farmer & Duncan Foley, 2009. "The economy needs agent-based modelling," Nature, Nature, vol. 460(7256), pages 685-686, August.
    32. Harvey, David I & Leybourne, Stephen J & Newbold, Paul, 1998. "Tests for Forecast Encompassing," Journal of Business & Economic Statistics, American Statistical Association, vol. 16(2), pages 254-259, April.
    33. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2006. "The Impact of Global Warming on U.S. Agriculture: An Econometric Analysis of Optimal Growing Conditions," The Review of Economics and Statistics, MIT Press, vol. 88(1), pages 113-125, February.
    34. Fleming, Patrick & Lichtenberg, Erik & Newburn, David A., 2015. "Agricultural Cost Sharing and Conservation Practices for Nutrient Reduction in the Chesapeake Bay Watershed," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205762, Agricultural and Applied Economics Association.
    35. Dietrich Earnhart, 2004. "Panel Data Analysis of Regulatory Factors Shaping Environmental Performance," The Review of Economics and Statistics, MIT Press, vol. 86(1), pages 391-401, February.
    36. Howard, Gregory & Roe, Brian E., 2013. "Stripping Because You Want to Versus Stripping Because the Money is Good: A Latent Class Analysis of Farmer Preferences Regarding Filter Strip Programs," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 149821, Agricultural and Applied Economics Association.
    37. Hendricks, Nathan P. & Sinnathamby, Sumathy & Douglas-Mankin, Kyle & Smith, Aaron & Sumner, Daniel A. & Earnhart, Dietrich H., 2014. "The environmental effects of crop price increases: Nitrogen losses in the U.S. Corn Belt," Journal of Environmental Economics and Management, Elsevier, vol. 68(3), pages 507-526.
    38. Capistrán, Carlos & Timmermann, Allan, 2009. "Forecast Combination With Entry and Exit of Experts," Journal of Business & Economic Statistics, American Statistical Association, vol. 27(4), pages 428-440.
    39. Diebold, Francis X & Mariano, Roberto S, 2002. "Comparing Predictive Accuracy," Journal of Business & Economic Statistics, American Statistical Association, vol. 20(1), pages 134-144, January.
    40. Sigman, Hilary, 2005. "Transboundary spillovers and decentralization of environmental policies," Journal of Environmental Economics and Management, Elsevier, vol. 50(1), pages 82-101, July.
    41. Xabadia, Angels & Goetz, Renan U. & Zilberman, David, 2008. "AJAE appendix for ‘The Gains from Differentiated Policies to Control Stock Pollution when Producers Are Heterogeneous’," American Journal of Agricultural Economics APPENDICES, Agricultural and Applied Economics Association, vol. 90(4), pages 1-9, February.
    42. Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2011. "The value of disappearing beaches: A hedonic pricing model with endogenous beach width," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 297-310, May.
    43. Searchinger, Timothy & Heimlich, Ralph & Houghton, R. A. & Dong, Fengxia & Elobeid, Amani & Fabiosa, Jacinto F. & Tokgoz, Simla & Hayes, Dermot J. & Yu, Hun-Hsiang, 2008. "Use of U.S. Croplands for Biofuels Increases Greenhouse Gases Through Emissions from Land-Use Change," Staff General Research Papers Archive 12881, Iowa State University, Department of Economics.
    44. Douglas J. Miller, 1999. "An Econometric Analysis of the Costs of Sequestering Carbon in Forests," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 812-824.
    45. V. Kerry Smith & Carlos Valcarcel Wolloh, 2012. "Has Surface Water Quality Improved Since the Clean Water Act?," NBER Working Papers 18192, National Bureau of Economic Research, Inc.
    46. Iho, Antti & Laukkanen, Marita, 2012. "Precision phosphorus management and agricultural phosphorus loading," Ecological Economics, Elsevier, vol. 77(C), pages 91-102.
    47. David Zilberman, 2008. "The Gains from Differentiated Policies to Control Stock Pollution when Producers Are Heterogeneous," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(4), pages 1059-1073.
    48. Corradi, Valentina & Swanson, Norman R., 2006. "Predictive Density Evaluation," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 1, chapter 5, pages 197-284, Elsevier.
    49. Craig E. Landry & Paul Hindsley, 2011. "Valuing Beach Quality with Hedonic Property Models," Land Economics, University of Wisconsin Press, vol. 87(1), pages 92-108.
    50. Segarra, Eduardo & Ethridge, Don E. & Deussen, Curtis R. & Onken, Arthur B., 1989. "Nitrogen Carry-Over Impacts In Irrigated Cotton Production, Southern High Plains Of Texas," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 14(2), pages 1-10, December.
    51. LaBeau, Meredith B. & Robertson, Dale M. & Mayer, Alex S. & Pijanowski, Bryan C. & Saad, David A., 2014. "Effects of future urban and biofuel crop expansions on the riverine export of phosphorus to the Laurentian Great Lakes," Ecological Modelling, Elsevier, vol. 277(C), pages 27-37.
    52. Gonzalez-Ramirez, Maria Jimena & Kling, Catherine L. & Arbuckle, J. Gordon Jr., 2015. "Cost-share Effectiveness in the Adoption of Cover Crops in Iowa," 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California 205876, Agricultural and Applied Economics Association.
    53. Goetz, Renan U. & Zilberman, David, 2000. "The dynamics of spatial pollution: The case of phosphorus runoff from agricultural land," Journal of Economic Dynamics and Control, Elsevier, vol. 24(1), pages 143-163, January.
    54. Quirino Paris & Richard E. Howitt, 1998. "An Analysis of Ill-Posed Production Problems Using Maximum Entropy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(1), pages 124-138.
    55. Pierre Mérel & Richard Howitt, 2014. "Theory and Application of Positive Mathematical Programming in Agriculture and the Environment," Annual Review of Resource Economics, Annual Reviews, vol. 6(1), pages 451-470, October.
    56. Robert N. Stavins, 1999. "The Costs of Carbon Sequestration: A Revealed-Preference Approach," American Economic Review, American Economic Association, vol. 89(4), pages 994-1009, September.
    57. Xabadia, Angels & Goetz, Renan U. & Zilberman, David, 2006. "Control of accumulating stock pollution by heterogeneous producers," Journal of Economic Dynamics and Control, Elsevier, vol. 30(7), pages 1105-1130, July.
    58. Rudik, Ivan, 2016. "Optimal Climate Policy When Damages are Unknown," ISU General Staff Papers 201611130800001011, Iowa State University, Department of Economics.
    59. Earnhart, Dietrich, 2004. "Regulatory factors shaping environmental performance at publicly-owned treatment plants," Journal of Environmental Economics and Management, Elsevier, vol. 48(1), pages 655-681, July.
    60. Madhu Khanna & David Zilberman, 2012. "Modeling The Land-Use And Greenhouse-Gas Implications Of Biofuels," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 3(03), pages 1-15.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sarkar, Sampriti & Lupi, Frank, 2022. "Modelling mid-western corn yield response to phosphorus fertilizer in Michigan," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322478, Agricultural and Applied Economics Association.
    2. Nhamo, Luxon & Ndlela, B. & Nhemachena, Charles & Mabhaudhi, T. & Mpandeli, S. & Matchaya, Greenwell, 2018. "The water-energy-food nexus: climate risks and opportunities in southern Africa," Papers published in Journals (Open Access), International Water Management Institute, pages 10(5):1-18..
    3. Ancev, Tihomir & Carriquiry, Miguel A. & Frabasile, Franco & Saracho, Andres & Rosas, Juan Francisco, 2023. "The assessment of economic and environmental impacts of water use efficiency and farm practices through an economic and biophysical integrated model," 2023 Annual Meeting, July 23-25, Washington D.C. 335895, Agricultural and Applied Economics Association.
    4. Floor Brouwer & Lydia Vamvakeridou-Lyroudia & Eva Alexandri & Ingrida Bremere & Matthew Griffey & Vincent Linderhof, 2018. "The Nexus Concept Integrating Energy and Resource Efficiency for Policy Assessments: A Comparative Approach from Three Cases," Sustainability, MDPI, vol. 10(12), pages 1-18, December.
    5. Dale Whittington & Richard T. Carson & Thomas Sterner, 2023. "Policy Note: Benefit Cost Analysis of Water Investments in the Anthropocene," Water Economics and Policy (WEP), World Scientific Publishing Co. Pte. Ltd., vol. 9(03), pages 1-23, July.
    6. Ram Avtar & Saurabh Tripathi & Ashwani Kumar Aggarwal & Pankaj Kumar, 2019. "Population–Urbanization–Energy Nexus: A Review," Resources, MDPI, vol. 8(3), pages 1-21, July.
    7. Jayash Paudel & Christine L. Crago, 2021. "Environmental Externalities from Agriculture: Evidence from Water Quality in the United States," American Journal of Agricultural Economics, John Wiley & Sons, vol. 103(1), pages 185-210, January.
    8. Yixin Zhou & Ashutosh Sharma & Mehedi Masud & Gurjot Singh Gaba & Gaurav Dhiman & Kayhan Zrar Ghafoor & Mohammed A. AlZain, 2021. "Urban Rain Flood Ecosystem Design Planning and Feasibility Study for the Enrichment of Smart Cities," Sustainability, MDPI, vol. 13(9), pages 1-15, May.
    9. Wu, Tong & Lawell, C.Y. Cynthia Lin & Just, David R. & Zhao, Jiancheng & Fei, Zhangjun & Wei, Qiang, 2022. "Optimal Forest Management for Interdependent Products: A Nested Dynamic Bioeconomic Model and Application to Bamboo," 2022 Annual Meeting, July 31-August 2, Anaheim, California 322164, Agricultural and Applied Economics Association.
    10. Souto, Augusto & Carriquiry, Miguel A. & Rosas, Juan Francisco, 2021. "Assessing the Impact of Agricultural Intensification on Water Pollution: An Integrated Model Assessment of the San Salvador Basin in Uruguay," 2021 Annual Meeting, August 1-3, Austin, Texas 314037, Agricultural and Applied Economics Association.
    11. Weng, Weizhe & Boyle, Kevin J. & Farrell, Kaitlin J. & Carey, Cayelan C. & Cobourn, Kelly M. & Dugan, Hilary A. & Hanson, Paul C. & Ward, Nicole K. & Weathers, Kathleen C., 2020. "Coupling Natural and Human Models in the Context of a Lake Ecosystem: Lake Mendota, Wisconsin, USA," Ecological Economics, Elsevier, vol. 169(C).
    12. Mpandeli, S. & Naidoo, D. & Mabhaudhi, T. & Nhemachena, Charles & Nhamo, Luxon & Liphadzi, S. & Hlahla, S. & Modi, A. T., "undated". "Climate change adaptation through the water-energy-food nexus in southern Africa," Papers published in Journals (Open Access) H048960, International Water Management Institute.
    13. Sylvester Mpandeli & Dhesigen Naidoo & Tafadzwanashe Mabhaudhi & Charles Nhemachena & Luxon Nhamo & Stanley Liphadzi & Sithabile Hlahla & Albert T. Modi, 2018. "Climate Change Adaptation through the Water-Energy-Food Nexus in Southern Africa," IJERPH, MDPI, vol. 15(10), pages 1-19, October.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Catherine L. Kling & Raymond W. Arritt & Gray Calhoun & David A. Keiser, 2016. "Research Needs and Challenges in the FEW System: Coupling Economic Models with Agronomic, Hydrologic, and Bioenergy Models for Sustainable Food, Energy, and Water Systems," Center for Agricultural and Rural Development (CARD) Publications 16-wp563, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Rossi, Barbara, 2013. "Advances in Forecasting under Instability," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1203-1324, Elsevier.
    3. Petropoulos, Fotios & Apiletti, Daniele & Assimakopoulos, Vassilios & Babai, Mohamed Zied & Barrow, Devon K. & Ben Taieb, Souhaib & Bergmeir, Christoph & Bessa, Ricardo J. & Bijak, Jakub & Boylan, Joh, 2022. "Forecasting: theory and practice," International Journal of Forecasting, Elsevier, vol. 38(3), pages 705-871.
      • Fotios Petropoulos & Daniele Apiletti & Vassilios Assimakopoulos & Mohamed Zied Babai & Devon K. Barrow & Souhaib Ben Taieb & Christoph Bergmeir & Ricardo J. Bessa & Jakub Bijak & John E. Boylan & Jet, 2020. "Forecasting: theory and practice," Papers 2012.03854, arXiv.org, revised Jan 2022.
    4. Zanetti Chini, Emilio, 2018. "Forecasting dynamically asymmetric fluctuations of the U.S. business cycle," International Journal of Forecasting, Elsevier, vol. 34(4), pages 711-732.
    5. Dichtl, Hubert & Drobetz, Wolfgang & Neuhierl, Andreas & Wendt, Viktoria-Sophie, 2021. "Data snooping in equity premium prediction," International Journal of Forecasting, Elsevier, vol. 37(1), pages 72-94.
    6. Norman Swanson & Nii Ayi Armah, 2006. "Predictive Inference Under Model Misspecification with an Application to Assessing the Marginal Predictive Content of Money for Output," Departmental Working Papers 200619, Rutgers University, Department of Economics.
    7. Rapach, David & Zhou, Guofu, 2013. "Forecasting Stock Returns," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 328-383, Elsevier.
    8. Jamali, Ibrahim & Yamani, Ehab, 2019. "Out-of-sample exchange rate predictability in emerging markets: Fundamentals versus technical analysis," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 61(C), pages 241-263.
    9. Knut Are Aastveit & Karsten R. Gerdrup & Anne Sofie Jore & Leif Anders Thorsrud, 2014. "Nowcasting GDP in Real Time: A Density Combination Approach," Journal of Business & Economic Statistics, Taylor & Francis Journals, vol. 32(1), pages 48-68, January.
    10. Nowotarski, Jakub & Weron, Rafał, 2018. "Recent advances in electricity price forecasting: A review of probabilistic forecasting," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1548-1568.
    11. William Brock & Anastasios Xepapadeas, 2020. "Spatial Environmental and Resource Economics," DEOS Working Papers 2002, Athens University of Economics and Business.
    12. Clements, Michael P. & Harvey, David I., 2011. "Combining probability forecasts," International Journal of Forecasting, Elsevier, vol. 27(2), pages 208-223.
    13. Karlsson, Sune, 2013. "Forecasting with Bayesian Vector Autoregression," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 791-897, Elsevier.
    14. Clark, Todd & McCracken, Michael, 2013. "Advances in Forecast Evaluation," Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 1107-1201, Elsevier.
    15. Dumortier, Jerome & Elobeid, Amani, 2021. "Effects of a carbon tax in the United States on agricultural markets and carbon emissions from land-use change," Land Use Policy, Elsevier, vol. 103(C).
    16. Jin, Sainan & Corradi, Valentina & Swanson, Norman R., 2017. "Robust Forecast Comparison," Econometric Theory, Cambridge University Press, vol. 33(6), pages 1306-1351, December.
    17. Norman R. Swanson & Weiqi Xiong & Xiye Yang, 2020. "Predicting interest rates using shrinkage methods, real‐time diffusion indexes, and model combinations," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 35(5), pages 587-613, August.
    18. Raffaella Giacomini & Barbara Rossi, 2013. "Forecasting in macroeconomics," Chapters, in: Nigar Hashimzade & Michael A. Thornton (ed.), Handbook of Research Methods and Applications in Empirical Macroeconomics, chapter 17, pages 381-408, Edward Elgar Publishing.
    19. Xiaojie Xu, 2020. "Corn Cash Price Forecasting," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(4), pages 1297-1320, August.
    20. Lopamudra Chakraborti, 2020. "Effects of Water Quality Monitoring on Plant-Level Pollution: Evidence from the Clean Water Act," Land Economics, University of Wisconsin Press, vol. 96(3), pages 349-365.

    More about this item

    Keywords

    integrated assessment; food; energy; water;
    All these keywords.

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy
    • Q40 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - General
    • Q53 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Air Pollution; Water Pollution; Noise; Hazardous Waste; Solid Waste; Recycling
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:anr:reseco:v:9:y:2017:p:143-163. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: http://www.annualreviews.org (email available below). General contact details of provider: http://www.annualreviews.org .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.