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

Steven Van Passel, Emanuele Massetti and Robert Mendelsohn

No 4842, CESifo Working Paper Series from CESifo

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 37,612 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 losses from -8% to -44% by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9% to -13% per degree Celsius.

Keywords: Ricardian analysis; climate change; European agriculture; climate change economics; quantile regression (search for similar items in EconPapers)
JEL-codes: Q15 Q51 Q54 (search for similar items in EconPapers)
Date: 2014
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Citations: View citations in EconPapers (26)

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Related works:
Journal Article: A Ricardian Analysis of the Impact of Climate Change on European Agriculture (2017)
Working Paper: A Ricardian Analysis of the Impact of Climate Change on European Agriculture (2012)
Working Paper: A Ricardian Analysis of the Impact of Climate Change on European Agriculture (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ces:ceswps:_4842

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