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A Ricardian Analysis of the Impact of Climate Change on European Agriculture
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Journal Article
A Ricardian Analysis of the Impact of Climate Change on European Agriculture
2017
Overview
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 41,030 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 impacts from
+
5 to
-
32 % by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of
-
5 to
-
9 % per degree Celsius.
Publisher
Springer Netherlands,Springer Nature B.V
Subject
