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Opción climática para la producción de café en México. (Climate Option of Coffee Production in Mexico)

Author

Listed:
  • Allou Allou Alfonse

    () (Escuela Superior de Economía, SEPI, Instituto Politécnico Nacional. México.)

  • José Carlos Trejo García

    () (Escuela Superior de Economía, SEPI, Instituto Politécnico Nacional. México.)

  • Miguel Ángel Martínez García

    () (Escuela Superior de Economía, SEPI, Instituto Politécnico Nacional. México.)

Abstract

En este trabajo, se presentan los derivados climáticos como un instrumento que permite al sector agrícola en México cubrirse ante los riesgos relacionados con el clima. Se realiza un análisis de la factibilidad de un derivado climático para el cultivo del café en los estados de Veracruz, Chiapas y Oaxaca con el fin de transferir los riesgos asociados con el clima. Así se determina, mediante el método de panel de datos, que la precipitación tiene una relación elástica de 1.99 con la producción anual del café. Partiendo de este argumento, se desarrolla en el presente trabajo una valuación de opciones europeas sobre precipitación para el café con el método de Black-Scholes (1973), para los estados estudiados.

Suggested Citation

  • Allou Allou Alfonse & José Carlos Trejo García & Miguel Ángel Martínez García, 2018. "Opción climática para la producción de café en México. (Climate Option of Coffee Production in Mexico)," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 135-154, October.
  • Handle: RePEc:ere:journl:v:xxxvii:y:2018:i:2:p:135-154
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    File URL: http://www.economia.uanl.mx/revistaensayos/xxxvii/2/1_Allou_Opcion_Climatica.pdf
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    References listed on IDEAS

    as
    1. Alan Fuchs & Hendrik Wolff, 2011. "Concept and Unintended Consequences of Weather Index Insurance: The Case of Mexico," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 93(2), pages 505-511.
    2. Peter Alaton & Boualem Djehiche & David Stillberger, 2002. "On modelling and pricing weather derivatives," Applied Mathematical Finance, Taylor & Francis Journals, vol. 9(1), pages 1-20.
    3. Barry J. Barnett & Olivier Mahul, 2007. "Weather Index Insurance for Agriculture and Rural Areas in Lower-Income Countries," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 89(5), pages 1241-1247.
    4. Fred ESPEN Benth & Jurate saltyte Benth, 2007. "The volatility of temperature and pricing of weather derivatives," Quantitative Finance, Taylor & Francis Journals, vol. 7(5), pages 553-561.
    5. Black, Fischer & Scholes, Myron S, 1973. "The Pricing of Options and Corporate Liabilities," Journal of Political Economy, University of Chicago Press, vol. 81(3), pages 637-654, May-June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Opción climática; Derivados climáticos; Producción de Café;

    JEL classification:

    • C52 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Evaluation, Validation, and Selection
    • D83 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Search; Learning; Information and Knowledge; Communication; Belief; Unawareness
    • G12 - Financial Economics - - General Financial Markets - - - Asset Pricing; Trading Volume; Bond Interest Rates
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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