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The economic relevance of climate variables in agriculture: The case of Spain

  • Garcia, Maria
  • Viladrich-Grau, Montserrat

We estimate how climate variables affect price and acreage of productive farmland using the Ricardian approach. Furthermore, we use our estimations to evaluate the joint effects of possible climate changes within the time horizon of 2010 and 2050. Our results show that the price of rainfed land in Spain tends to increase but rainfed acreage decreases. On the other hand, the effect on irrigated farmland price and acreage presents some mixed results, however, in the long run the dominant pattern is clearly increasing for both prices and acreage.

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File URL: http://purl.umn.edu/57291
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Article provided by Spanish Association of Agricultural Economists in its journal Economia Agraria y Recursos Naturales.

Volume (Year): 09 (2009)
Issue (Month): 2 ()
Pages:

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Handle: RePEc:ags:earnsa:57291
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  1. 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 753-71, September.
  2. William D. Nordhaus & Robert Mendelsohn, 1999. "The Impact of Global Warming on Agriculture: A Ricardian Analysis: Reply," American Economic Review, American Economic Association, vol. 89(4), pages 1053-1055, September.
  3. Cline, William R, 1996. "The Impact of Global Warming on Agriculture: Comment," American Economic Review, American Economic Association, vol. 86(5), pages 1309-11, December.
  4. Wolfram Schlenker & W. Michael Hanemann & Anthony C. Fisher, 2005. "Will U.S. Agriculture Really Benefit from Global Warming? Accounting for Irrigation in the Hedonic Approach," American Economic Review, American Economic Association, vol. 95(1), pages 395-406, March.
  5. Quiroga, Sonia & Iglesias, Ana, 2007. "Projections of economic impacts of climate change in agriculture in Europe," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 7(14).
  6. repec:jaa:jagape:v:31:y:1999:i:3:p:537-49 is not listed on IDEAS
  7. Michelle J. Reinsborough, 2003. "A Ricardian model of climate change in Canada," Canadian Journal of Economics, Canadian Economics Association, vol. 36(1), pages 21-40, February.
  8. Dixon, Bruce L. & Segerson, Kathleen, 1999. "Impacts Of Increased Climate Variability On The Profitability Of Midwest Agriculture," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 31(03), December.
  9. Kaufmann, Robert K., 1998. "The impact of climate change on US agriculture: a response to Mendelssohn et al. (1994)," Ecological Economics, Elsevier, vol. 26(2), pages 113-119, August.
  10. 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.
  11. Quiroga, Sonia & Iglesias, Ana, 2007. "Projections of economic impacts of climate change in agriculture in Europe," 101st Seminar, July 5-6, 2007, Berlin Germany 9264, European Association of Agricultural Economists.
  12. Mendelsohn, Robert & Nordhaus, William, 1996. "The Impact of Global Warming on Agriculture: Reply," American Economic Review, American Economic Association, vol. 86(5), pages 1312-15, December.
  13. John K. Horowitz & John Quiggin, 1999. "The Impact of Global Warming on Agriculture: A Ricardian Analysis: Comment," American Economic Review, American Economic Association, vol. 89(4), pages 1044-1045, September.
  14. 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.
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