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Autoren: 
Massetti, Emanuele
Mendelsohn, Robert
Chonabayashi, Shun
Datum: 
2015
Schriftenreihe/Nr.: 
Nota di Lavoro No. 12.2015
Zusammenfassung: 
Farmland values have traditionally been valued using seasonal temperature and precipitation. A new strand of the literature uses degree days over the growing season to predict farmland value. We find that degree days and daily temperature are interchangeable over the growing season. However, the way that degree days are used in these recent studies is problematic and leads to biased and inaccurate results. These new findings have serious implications for any study that copies this methodology.
Schlagwörter: 
Degree Days
Climate Change Impacts
Agriculture
Land Values
JEL: 
Q12
Q24
Q51
Q54
Dokumentart: 
Working Paper

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