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An attempt to assess the impact of climate change on the agricultural sector in FYR Macedonia using an aridity index approach

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  • Martinovska-Stojcheska, Aleksandra
  • Chanevski, Zlatko
  • Hristov, Jordan
  • Surry, Yves

Abstract

Considering the scale of global warming, we make an attempt to assess the impact of climate change on Macedonian agriculture. Farmers’ adaptation is taken into account by using an alternative specification of the Ricardian model based on the use of aridity indices to capture the non-linear response of farmland values to temperature and precipitation. Econometric results indicate that winter and spring aridity indices influence unit gross returns of crop farms. A decomposition analysis of aridity indices between temperatures and precipitations results in the derivation or marginal responses of unit gross returns of crop farms to seasonal temperatures and precipitations.

Suggested Citation

  • Martinovska-Stojcheska, Aleksandra & Chanevski, Zlatko & Hristov, Jordan & Surry, Yves, 2014. "An attempt to assess the impact of climate change on the agricultural sector in FYR Macedonia using an aridity index approach," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183042, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:183042
    DOI: 10.22004/ag.econ.183042
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    References listed on IDEAS

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    1. Steven Passel & Emanuele Massetti & Robert Mendelsohn, 2017. "A Ricardian Analysis of the Impact of Climate Change on European Agriculture," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 67(4), pages 725-760, August.
    2. William R. Sutton & Jitendra P. Srivastava & James E. Neumann & Kenneth M. Strz?pek & Brent B. Boehlert, 2013. "Reducing the Vulnerability of the Former Yugoslav Republic of Macedonia's Agricultural Systems to Climate Change : Impact Assessment and Adaptation Options," World Bank Publications - Books, The World Bank Group, number 16201, December.
    3. Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-771, September.
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