Impact of Climate Change on Corn Production in the U.S.: Evidence from Panel Study
Jaehyuk Lee and
Nazif Durmaz ()
Applied Econometrics and International Development, 2016, vol. 16, issue 1, 93-104
This paper determines the impact of climate change on corn production using a county-level panel data from the Corn-Belt States. The estimates of elasticity of corn production with respect to temperature and precipitation are -8.602 and 15.329, respectively. The drought indices, PDSI and CMI, if the drought condition improves one unit, the corn production increases by about 2% and 10% respectively that is equivalent to about 3 and14 bushels per acre. Our simulation results indicate that such an increase will result in a decrease in corn production by about 15 to 90 bushels per acre by 2100.
Keywords: Climate change; Corn production; Drought Index; the Palmer Drought Severity Index (PDSI); Crop Moisture Index (CMI). (search for similar items in EconPapers)
JEL-codes: Q54 D24 (search for similar items in EconPapers)
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