Improving Agronomic Structure in Econometric Models of Climate Change Impacts
AbstractEconomists are relying on agronomic concepts to construct weather or climate independent variables and improve the reliability and efficiency of econometric models of climate change impact on U.S. agriculture. The use of cumulative heat measures in agronomy (growing degree-days), has recently served as a basis for the introduction of plurimonthly calendar heat variables in these models. However, season-long weather conditions seem at odds with conventional agronomic wisdom that emphasizes crucial differences in crop stage sensitivity to environmental stress. In this paper I show that weather variables matched to key corn development stages provide an enhanced and more stable fit than their calendar counterparts. More importantly, the proposed season-disaggregated framework yields very different implications for adaptation than its calendar counterparts as it indicates that most of the projected yield damages are accounted during the flowering period, a relatively short period in the crop cycle. This should open the door to more advanced yield models that account for additional possibilities of adaptation and thus provide a more nuanced outlook on the potential impacts of climate change on crop yields.
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Bibliographic InfoPaper provided by Agricultural and Applied Economics Association in its series 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania with number 103656.
Date of creation: 2011
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agriculture; climate change; corn; degree-days; phenology; proxy; yield; Production Economics; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy; Q54; C23;
Find related papers by JEL classification:
- Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters
- C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-05-24 (All new papers)
- NEP-ENE-2011-05-24 (Energy Economics)
- NEP-ENV-2011-05-24 (Environmental Economics)
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.:
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"Errors in variables in panel data,"
Journal of Econometrics,
Elsevier, vol. 31(1), pages 93-118, February.
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- Dixon, Bruce L. & Hollinger, Steven E. & Garcia, Philip & Tirupattur, Viswanath, 1994. "Estimating Corn Yield Response Models To Predict Impacts Of Climate Change," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(01), July.
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