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Advancements To The Ricardian Analysis In The Past Quarter Of The Century

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  • DIVYA PRAKASH

    (School of Public Policy, University of California, Riverside, CA, USA)

  • MEHDI NEMATI

    (School of Public Policy, University of California, Riverside, CA, USA)

  • ARIEL DINAR

    (School of Public Policy, University of California, Riverside, CA, USA)

  • CORY STRUTHERS

    (��Evans School of Public Policy & Governance, University of Washington, Seattle, WA, USA)

  • SCOTT MACKENZIE

    (��Department of Political Science, University of California, Davis, CA, USA)

  • MATTHEW S. SHUGART

    (��Department of Political Science, University of California, Davis, CA, USA)

Abstract

This paper presents a comprehensive review of the literature on Ricardian analysis as applied to estimating the impact of climate change on agriculture. Through a survey of published research, we discuss revisions, expansions, and the criticisms researchers have made of the Ricardian analysis since its introduction by Mendelsohn et al. The types of dependent variables and the choice of the climate variables utilized in the Ricardian analysis are synthesized and discussed. Additionally, the paper outlines the distinctions between static and dynamic Ricardian analysis, different farm types, and analyses using aggregate and farm-level data. The paper provides a synthesis of the findings of previous studies related to the study location and farm type and explores open questions and empirical concerns that require investigation in future research.

Suggested Citation

  • Divya Prakash & Mehdi Nemati & Ariel Dinar & Cory Struthers & Scott Mackenzie & Matthew S. Shugart, 2024. "Advancements To The Ricardian Analysis In The Past Quarter Of The Century," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 15(03), pages 1-44, August.
    • Handle: RePEc:wsi:ccexxx:v:15:y:2024:i:03:n:s2010007823500318
    DOI: 10.1142/S2010007823500318
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