The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Comment

Anthony C Fisher, W Michael Hanemann, Michael Roberts and Wolfram Schlenker

Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series from Department of Agricultural & Resource Economics, UC Berkeley

Abstract: In a series of studies employing a variety of approaches, we have found that the potential impact of climate change on US agriculture is likely negative. Deschênes and Greenstone (2007) report dramatically different results based on regressions of agricultural profits and yields on weather variables. The divergence is explained by (1) missing and incorrect weather and climate data in their study; (2) their use of older climate change projections rather than the more recent and less optimistic projections from the Fourth Assessment Report; and (3) difficulties in their profit measure due to the confounding effects of storage.

Keywords: Climate-Related Exposures and Conditions; Climate Action; Costs of climate change; hedonics; agricultural profits; agricultural production; crop yields; Economics; Commerce; Management; Tourism and Services (search for similar items in EconPapers)
Date: 2012-12-01
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Citations: View citations in EconPapers (211)

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Journal Article: The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Comment (2012)
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