Weather Effects on European Agricultural Output 1850-1913
AbstractThis paper compares the effects of weather shocks on agricultural production in Britain, France and Germany during the late nineteenth century. Using semi- parametric models to estimate the non-linear agro-weather relationship, we find that weather shocks explain between one and two-thirds of variations in agricultural production. Given the large size of the agricultural sector during this period, the high variance of agricultural production and the cyclical nature of weather shocks, the agro-weather relationship transmitted large effects on macroeconomic fluctuations over much of the period.
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Bibliographic InfoPaper provided by Faculty of Economics, University of Cambridge in its series Cambridge Working Papers in Economics with number 9915.
Date of creation: Jul 1999
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Web page: http://www.econ.cam.ac.uk/index.htm
Agriculture; Weather effects; Economic history; Economic fluctuations; Semi- parametric methods;
Other versions of this item:
- Solomou, Solomos & Wu, Weike, 1999. "Weather effects on European agricultural output, 1850 1913," European Review of Economic History, Cambridge University Press, vol. 3(03), pages 351-373, December.
- C14 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Semiparametric and Nonparametric Methods: General
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
- Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General
- N54 - Economic History - - Agriculture, Natural Resources, Environment and Extractive Industries - - - Europe: 1913-
This paper has been announced in the following NEP Reports:
- NEP-AGR-2000-01-24 (Agricultural Economics)
- NEP-ALL-2000-01-24 (All new papers)
- NEP-ENV-2000-01-24 (Environmental Economics)
- NEP-HIS-2000-01-24 (Business, Economic & Financial History)
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