Weather and their effect on crop yields in Scotland 1935-2012

Cesar Revoredo-Giha and Franziska Gaupp

No 183034, 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia from European Association of Agricultural Economists

Abstract: The purpose of this paper is to analyse the effect that weather variables have on the mean and variance of the yields of barley, oats, potatoes and wheat in Scotland, during the period 1935- 2012. Although theoretically grounded on the stochastic production function approach, the paper uses the generalised autoregressive conditional heteroskedastic (GARCH) to model the variance of the crop yields. Results indicate that temperature has a positive effect on the mean yield, whilst rainfall has a negative effect on it. In addition, both temperature and rainfall have differentiated results on the crop yields’ variances.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 6
Date: 2014-08
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:eaae14:183034

DOI: 10.22004/ag.econ.183034

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