IDEAS home Printed from https://ideas.repec.org/a/uwp/landec/v97y2021i4p911-932.html
   My bibliography  Save this article

Climate, Adaptation, and the Value of Forestland: A National Ricardian Analysis of the United States

Author

Listed:
  • Christopher Mihiar
  • David J. Lewis

Abstract

This study estimates an econometric Ricardian model of the effects of climate on forestry using a novel national data set of county-level net economic returns to forestland. Results show that climate change projections to 2050 will increase forest net returns on the middle latitudes of eastern U.S. timberland. We quantify the value of extensive margin adaptation to climate change by separately estimating climate’s effect on 11 distinct forest types. We find that approximately 69% of the positive climate change effect on eastern U.S. forestry arises from the value of extensive margin adaptation. Climate change impacts in the western United States are inconclusive.

Suggested Citation

  • Christopher Mihiar & David J. Lewis, 2021. "Climate, Adaptation, and the Value of Forestland: A National Ricardian Analysis of the United States," Land Economics, University of Wisconsin Press, vol. 97(4), pages 911-932.
    • Handle: RePEc:uwp:landec:v:97:y:2021:i:4:p:911-932
    Note: DOI: 10.3368/le.97.4.011620-0004R1
    as

    Download full text from publisher

    File URL: http://le.uwpress.org/cgi/reprint/97/4/911
    Download Restriction: A subscripton is required to access pdf files. Pay per article is available.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Hashida, Yukiko & Lewis, David J., 2022. "Estimating welfare impacts of climate change using a discrete-choice model of land management: An application to western U.S. forestry," Resource and Energy Economics, Elsevier, vol. 68(C).

    More about this item

    JEL classification:

    • Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uwp:landec:v:97:y:2021:i:4:p:911-932. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: http://le.uwpress.org/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.