Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/56661 
Year of Publication: 
2011
Series/Report no.: 
SFB 649 Discussion Paper No. 2011-077
Publisher: 
Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk, Berlin
Abstract: 
It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel statistical tools for assessing changes in weather risk over time. We apply local t-test, change point tests and Mann-Kendall test as well as quantile regression to weather risk indicators that are relevant from the viewpoint of agricultural production. Our results show that weather risk follows different pattern depending on the type of risk and the location.
Subjects: 
weather extremes
agricultural risk
change point test
quantile regressions
JEL: 
C00
C14
J01
J31
Document Type: 
Working Paper

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