Agricultural and Biotechnology Patents as an Adaptation Strategy to Climate Change: A Regional Analysis of European Farmer’s Efficiency

Sabrina Auci () and Manuela Coromaldi ()
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Manuela Coromaldi: University of Rome Niccolò Cusano

Chapter Chapter 2 in Climate-Induced Innovation, 2022, pp 27-46 from Springer

Abstract: Abstract This chapter analyses the effect of innovation encouraged by climate change challenges on European farmers’ technical efficiency. Using the stochastic frontier approach, we estimate the impact of agricultural patents on farmers’ technical efficiency by taking into account both unobservable heterogeneity and heteroscedasticity in the inefficiency term. Our findings suggest that European farmers remain quite far from the maximum frontier and irrespective of the country in which they reside; farmers who innovate are more efficient than those who do not. Thus, the inefficiency of agricultural agents in the European context leaves space for policies that incentivise firms to adopt climate change adaptation strategies through technological innovation.

Keywords: Climate change; Agriculture; Adaptation; Patent; Stochastic frontier approach (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-01330-0_2

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DOI: 10.1007/978-3-031-01330-0_2

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