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The Economic Consequences Of Enso Events: The 1997-98 El Nino And The 1998-99 La Nina

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  • Adams, Richard M.
  • Chen, Chi-Chung
  • McCarl, Bruce A.
  • Weiher, Rodney

Abstract

Climate is the primary determinant of agricultural productivity. In many parts of the world, including the United States, one can trace much of the year-to-year variations in climate to the El Nino-Southern Oscillation phenomenon. In 1997-98 the world experienced a severe El event and this is being flowed by a strong 1998-99 La Nina. The work underlying this develops estimates of the economic consequences of these events on U.S. agriculture. Both phases result in economic damages -- a $1.5 to $1.7 billion loss for the El Nino and a $2.2 to $6.5 billion for La Nina. The major conclusion is that ENSO events do impose costs on agriculture and consumers.

Suggested Citation

  • Adams, Richard M. & Chen, Chi-Chung & McCarl, Bruce A. & Weiher, Rodney, 1998. "The Economic Consequences Of Enso Events: The 1997-98 El Nino And The 1998-99 La Nina," Faculty Paper Series 24013, Texas A&M University, Department of Agricultural Economics.
    • Handle: RePEc:ags:tamufp:24013
    DOI: 10.22004/ag.econ.24013
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    Resource /Energy Economics and Policy;

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