Heterogeneous Impacts of Climate Change – The Ricardian Approach Using Vietnam Micro-Level Panel Data

Trinh Nguyen Chau and Francis Scrimgeour

No 302100, 2019 Conference, August 29-30, 2019, Hamilton, New Zealand from New Zealand Agricultural and Resource Economics Society

Abstract: This analysis investigates economic impacts of climate changes on Vietnam agriculture. The Ricardian approach is applied to ten-year panel data using the Hsiao two-step method. Estimates of the Ricardian model suggest heterogeneous impacts of climate change. Rising temperature is especially harmful to the Northern Central and the Southern region. Shortage of rainfall in spring only causes losses to the Central Highlands and Northern region. Rising summer precipitation is extremely harmful. Increases in precipitation help to harness the benefit of rising autumn temperature. The simulation indicates net agricultural surpluses in the long-run, with the Central Highlands being an exception.

Keywords: Agribusiness; Environmental Economics and Policy (search for similar items in EconPapers)
Pages: 24
Date: 2019-08-29
New Economics Papers: this item is included in nep-agr, nep-cmp, nep-env and nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ags:nzar19:302100

DOI: 10.22004/ag.econ.302100

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