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A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Steven Passel (), Emanuele Massetti and Robert Mendelsohn ()
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Steven Passel: University of Antwerp

Environmental & Resource Economics, 2017, vol. 67, issue 4, 725-760

Abstract: Abstract This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 41,030 farms across Western Europe. We demonstrate that a median quantile regression outperforms OLS given farm level data. The results suggest that European farms are slightly more sensitive to warming than American farms with impacts from $$+$$ + 5 to $$-$$ - 32 % by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of $$-$$ - 5 to $$-$$ - 9 % per degree Celsius.

Keywords: Ricardian analysis; Climate change; European agriculture; Climate change economics; Quantile regression (search for similar items in EconPapers)
JEL-codes: Q54 Q51 Q15 (search for similar items in EconPapers)
Date: 2017
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Working Paper: A Ricardian Analysis of the Impact of Climate Change on European Agriculture (2012) Downloads
Working Paper: A Ricardian Analysis of the Impact of Climate Change on European Agriculture (2012) Downloads
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