A Ricardian Analysis of the Impact of Climate Change on European Agriculture
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Data on climate, soil, geography and regional socio-economic characteristics were matched for 37 612 individual farms across the EU-15. Farmland values across Europe are sensitive to climate. Even with the adaptation captured by the Ricardian technique, farms in Southern Europe are predicted to suffer sizeable losses (8% -13% per degree Celsius) from warming. In contrast, agriculture in the rest of Europe is likely to see only mixed impacts. Increases (decreases) in rain will increase (decrease) average farm values by 3% per centiliter of precipitation. Aggregate impacts by 2100 vary depending on the climate model scenario from a loss of 8% in a mild scenario to a loss of 44% in a harsh scenario.
|Date of creation:||Nov 2012|
|Date of revision:|
|Contact details of provider:|| Postal: Corso Magenta, 63 - 20123 Milan|
Web page: http://www.feem.it/
More information through EDIRC
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- 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.
- Pradeep Kurukulasuriya & Namrata Kala & Robert Mendelsohn, 2011. "Adaptation And Climate Change Impacts: A Structural Ricardian Model Of Irrigation And Farm Income In Africa," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 2(02), pages 149-174.
- Emanuele Massetti & Robert Mendelsohn, 2011.
"Estimating Ricardian Models With Panel Data,"
Climate Change Economics (CCE),
World Scientific Publishing Co. Pte. Ltd., vol. 2(04), pages 301-319.
- S. Niggol Seo & Robert Mendelsohn, 2008. "Measuring impacts and adaptations to climate change: a structural Ricardian model of African livestock management-super-1," Agricultural Economics, International Association of Agricultural Economists, vol. 38(2), pages 151-165, 03.
- Kelly, David L. & Kolstad, Charles D. & Mitchell, Glenn T., 2005. "Adjustment costs from environmental change," Journal of Environmental Economics and Management, Elsevier, vol. 50(3), pages 468-495, November.
- Ana Iglesias & Sonia Quiroga & Marta Moneo & Luis Garrote, 2012. "From climate change impacts to the development of adaptation strategies: Challenges for agriculture in Europe," Climatic Change, Springer, vol. 112(1), pages 143-168, May.
- Koenker, Roger, 2004. "Quantile regression for longitudinal data," Journal of Multivariate Analysis, Elsevier, vol. 91(1), pages 74-89, October.
- Robert Mendelsohn & Ariel Dinar, 2009. "Climate Change and Agriculture," Books, Edward Elgar Publishing, number 12990, 10.
- Diebold, Francis X & Mariano, Roberto S, 2002.
"Comparing Predictive Accuracy,"
Journal of Business & Economic Statistics,
American Statistical Association, vol. 20(1), pages 134-44, January.
- 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.
- 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.
- Ariel Dinar & Robert Mendelsohn (ed.), 2011. "Handbook on Climate Change and Agriculture," Books, Edward Elgar Publishing, number 13942, 10.
- 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.
- Olivier Deschênes & Michael Greenstone, 2007. "The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather," American Economic Review, American Economic Association, vol. 97(1), pages 354-385, March.
- 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.
- Jinxia Wang & Robert Mendelsohn & Ariel Dinar & Jikun Huang & Scott Rozelle & Lijuan Zhang, 2009. "The impact of climate change on China's agriculture," Agricultural Economics, International Association of Agricultural Economists, vol. 40(3), pages 323-337, 05.
- Christopher Timmins, 2006. "Endogenous Land use and the Ricardian Valuation of Climate Change," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 33(1), pages 119-142, 01.
- Johan Swinnen & Pavel Ciaian & d’Artis Kancs, 2008.
"Study on the Functioning of Land Markets in the EU Member States under the Influence of Measures applied under the Common Agricultural Policy,"
EERI Research Paper Series
EERI_RP_2008_04, Economics and Econometrics Research Institute (EERI), Brussels.
- Johan Swinnen & Pavel Ciaian & d’Artis Kancs, 2008. "Functioning of Land Markets in the EU Member States," Journal of Economics and Econometrics, Economics and Econometrics Society, vol. 51(2), pages 48-62.
- Ana Iglesias & Luis Garrote & Sonia Quiroga & Marta Moneo, 2012. "A regional comparison of the effects of climate change on agricultural crops in Europe," Climatic Change, Springer, vol. 112(1), pages 29-46, May.
- Conley, T. G., 1999. "GMM estimation with cross sectional dependence," Journal of Econometrics, Elsevier, vol. 92(1), pages 1-45, September.
When requesting a correction, please mention this item's handle: RePEc:fem:femwpa:2012.83. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (barbara racah)
If references are entirely missing, you can add them using this form.