Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/72989
Authors: 
Van Passel, Steven
Massetti, Emanuele
Mendelsohn, Robert
Year of Publication: 
2012
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 83.2012
Abstract: 
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Data on climate, soil, geography and regional socio-economic characteristics were matched for 37 612 individual farms across the EU-15. Farmland values across Europe are sensitive to climate. Even with the adaptation captured by the Ricardian technique, farms in Southern Europe are predicted to suffer sizeable losses (8% -13% per degree Celsius) from warming. In contrast, agriculture in the rest of Europe is likely to see only mixed impacts. Increases (decreases) in rain will increase (decrease) average farm values by 3% per centiliter of precipitation. Aggregate impacts by 2100 vary depending on the climate model scenario from a loss of 8% in a mild scenario to a loss of 44% in a harsh scenario.
Subjects: 
Ricardian Analysis
Climate Change
European Agriculture
Climate Change Economics
JEL: 
Q54
Q51
Q15
Document Type: 
Working Paper

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