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The Effect of Climate Change over Agricultural Factor Productivity: Some Econometric Considerations

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  • McCarl, Bruce A.
  • Villavicencio, Xavier
  • Wu, Ximing

Abstract

This paper examines the role that climate change might be playing in the declining returns to agricultural research. For this purpose, we estimate a cross-section time-series model of agricultural total factor productivity for the U.S. states over the period 1970–1999, with the inclusion of climatic variables, and controlling for non stationarity of the data. Our findings suggest that after controlling for climatic variables and non stationarity, the effect of Public Agricultural Research Capital over Total Factor Productivity is reduced.

Suggested Citation

  • McCarl, Bruce A. & Villavicencio, Xavier & Wu, Ximing, 2009. "The Effect of Climate Change over Agricultural Factor Productivity: Some Econometric Considerations," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49452, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea09:49452
    DOI: 10.22004/ag.econ.49452
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    References listed on IDEAS

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    Cited by:

    1. Aswin Rivai, 2022. "The monetary policy impact on agricultural growth and food prices," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 11(9), pages 158-165, December.
    2. Akbar, Muhammad & Jamil, Faisal, 2012. "Monetary and fiscal policies' effect on agricultural growth: GMM estimation and simulation analysis," Economic Modelling, Elsevier, vol. 29(5), pages 1909-1920.

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    Keywords

    Environmental Economics and Policy; Research Methods/ Statistical Methods; Resource /Energy Economics and Policy;
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