Economic Impact of Climate Change on the Agricultural Sector of Punjab
AbstractThe main objective of the study is quantification of the impact of change in climate normals in order to have a viable and sustained development of the agricultural sector both at the regional and country level. A one-way fixed effect panel model for eleven districts over the time horizon 1970-2009 has been estimated with the FGLS panel regression technique. The results of the panel regression of precipitation, maximum and minimum temperature, are derived from data of Punjab agricultural land. The inclusion of the Kharif and Rabi seasons climate variables are important components of the assessment model, as these have not been taken into consideration in any previous assessment. The results show that the Kharif and Rabi variables (seasonal variables in the context of the sowing and harvesting time-periods) are significantly related to land price per acre. The study also confirms the general hypothesis that climate change impinges considerably on the price of agricultural land, which is a long-run variable for net revenues.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Pakistan Institute of Development Economics in its journal The Pakistan Development Review.
Volume (Year): 49 (2010)
Issue (Month): 4 ()
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Roberto Roson & Ruslana Rachel Palatnik, 2009.
"Climate Change Assessment and Agriculture in General Equilibrium Models: Alternative Modeling Strategies,"
2009_08, Department of Economics, University of Venice "Ca' Foscari".
- Ruslana Rachel Palatnik & Roberto Roson, 2009. "Climate Change Assessment and Agriculture in General Equilibrium Models: Alternative Modeling Strategies," Working Papers 2009.67, Fondazione Eni Enrico Mattei.
- Dinar, A. & Mendelsohn, R. & Evenson, R. & Parikh, J. & Sanghi, A. & Kumar, K. & McKinsey, J. & Lonergen, S., 1998. "Measuring the Impact of CLimate Change on Indian Agriculture," Papers 402, World Bank - Technical Papers.
- Francesco Bosello & Jian Zhang, 2005. "Assessing Climate Change Impacts: Agriculture," Working Papers 2005.94, Fondazione Eni Enrico Mattei.
- D Maddison, 2000. "A hedonic analysis of agricultural land prices in England and Wales," European Review of Agricultural Economics, Foundation for the European Review of Agricultural Economics, vol. 27(4), pages 519-532, December.
- Rosen, Sherwin, 1974. "Hedonic Prices and Implicit Markets: Product Differentiation in Pure Competition," Journal of Political Economy, University of Chicago Press, vol. 82(1), pages 34-55, Jan.-Feb..
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Khurram Iqbal).
If references are entirely missing, you can add them using this form.