The Potential Benefits of Agricultural Adaptation to Warming in China in the Long Run

Jikun Huang, Kaixing Huang () and Jinxia Wang

No 2016-06, School of Economics and Public Policy Working Papers from University of Adelaide, School of Economics and Public Policy

Abstract: Understanding to what extent agriculture can adapt to climate change and the determinants of farmers' adaptation capability are of paramount importance from a policy perspective, especially for developing countries where agricultural production is potentially most vulnerable to climate change. Based on a panel of household survey data from a large sample in rural China, the present article adopts a panel approach to estimate the potential benefits of adaptation and to identify the determinants of farmers' adaptation capability. Empirical modeling results suggest that, under the most likely climate change scenario, the potential impacts of warming on agricultural profits will be rather mild (8.4 percent) by the end of this century if adaptations are taken into account. In addition, for all potential warming scenarios, adaptations are expected to consistently offset about 50 percent of the potential damages caused by global warming. Finally, households with higher labor and capital intensities are better placed to adapt to global warming.

Keywords: climate change impact; agriculture; adaptation capability (search for similar items in EconPapers)
JEL-codes: Q15 Q51 Q54 (search for similar items in EconPapers)
Date: 2016-03
New Economics Papers: this item is included in nep-agr, nep-cna, nep-env and nep-tra
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Related works:
Journal Article: The potential benefits of agricultural adaptation to warming in China in the long run (2018)
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