CLIMATE CHANGE AND CROP YIELD DISTRIBUTION: SOME NEW EVIDENCE FROM PANEL DATA MODELS AND IMPLICATIONS FOR CROP INSURANCE

Ching-Cheng Chang and Chi-Chung Chen

No 19589, 2002 Annual meeting, July 28-31, Long Beach, CA from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This study examines the impact of climate on yield for seven major crops in Taiwan based on a pooled panel data of 15 counties over the period 1977-1996. Unit-root tests and maximum likelihood methods are explored to obtain reliable estimates. Results suggest that climate has diversified impacts on crop yields and their variability. A simple crop insurance model by Ahsan, Ali, and Kurian (1982) is shown how crop yield distribution can be the base to calculate the premium and indemnity.

Keywords: Crop Production/Industries; Environmental Economics and Policy; Risk and Uncertainty (search for similar items in EconPapers)
Pages: 27
Date: 2002
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea02:19589

DOI: 10.22004/ag.econ.19589

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