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The impact of climate change and investment on fruit crop development

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  • Petia Branzova
  • Darina Ruscheva

Abstract

A comprehensive approach is proposed in order to link the effects of the impacts of climate change on the average yields and the economic development of fruit production. Based on the available data on the characteristics of the South-Eastern region of Bulgaria and the main fruit crops grown there, a methodology for forecasting the average yields of apples, pears, peaches, nectarines and various sorts of apricots and plums is developed and tested, taking into account the changes in the climate. Based on the established empirical relationships between the average yields of crops and the climatic factors on which they depend, the expected yields by 2050 and the area required for growing each crop are predicted. The opportunities for fruit production are revealed. The levels of production and investment required for it are determined and their efficiency is examined.

Suggested Citation

  • Petia Branzova & Darina Ruscheva, 2019. "The impact of climate change and investment on fruit crop development," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 59-77.
    • Handle: RePEc:bas:econth:y:2019:i:6:p:59-77
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    JEL classification:

    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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