Weather Shocks and Agri-Food Imports

Chocs météorologiques et importations agroalimentaires

Clément Nedoncelle

Working Papers from HAL

Abstract: Food security is threatened by weather shocks. I estimate how weather shocks in destination affect imports, both in value, volume, and average price. Using aggregate trade data, on agri-food products, and destinationspecific yearly degree-days, from 1995 to 2017, I estimate a gravity equation. Countries facing adverse weather shocks do not import more in value, but import less in quantity, and with larger prices. Results are consistent with the idea that weather shocks deter revenues, expenditures and import demand. Overall, imports do not allow to cope with negative agri-food production shocks.

Keywords: Agri-food; Trade; Imports; Weather (search for similar items in EconPapers)
Date: 2023-10-24
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