A Ricardian Analysis of the Impact of Climate Change on South American Farms

Seo, S. Niggol; Mendelsohn, Robert

doi:10.4067/s0718-58392008000100007

Cited by 46 publications

(13 citation statements)

References 30 publications

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“…In this study, a hedonic approach, known as the Ricardian approach, was used to estimate the marginal effect of various climatic, economic, and other factors on farmland values. This approach is also known as a duality approach, because it examines the relationship between agricultural land values and climate data [16,[20][21][22]. The traditional Ricardian approach has two key assumptions: first, there is a long run equilibrium in factor markets (especially land), but, secondly, there are no adjustment costs, such that land rents fully reflect the value of climate at any given location [23].…”

Section: Theory: Ricardian Analysismentioning

confidence: 99%

“…Mendelsohn et al [16] proved that the Ricardian approach could be developed with individual farm data and with district-level data. A lot of research has been carried out while using Ricardian models at the district or regional level [20,21,24,25]. Like other studies, such as Sanghi [26], Kumar and Parikh [27], Kurukulasuriya and Ajwad [15], and Mendelsohn et al [28], the annual net revenue per hectare is used for representing the agricultural land values, as data on land prices were not available in Three climate projection models (i.e., PCM (Parallel Climate Model), CGCM3 (Coupled Global Climate Model), and CSIRO (Commonwealth Scientific and Industrial Research Organization Climate Model_ Australia) for Myanmar were used for the scenario analysis to project the future impacts of climate change.…”

Section: Theory: Ricardian Analysismentioning

confidence: 99%

“…In addition, the limitations of this approach are that it explicitly examines crop and farmer responses to climate, as well as implicitly assuming the biophysical and economic adjustments that are imposed by climate change [20]. Thus, studies using a Ricardian analyses need to be carefully evaluated for robustness [20][21][22]25]. For instance, it is not based on controlled experiments across farms and does not usually fully include all non-climatic factors (soil quality, market access, and solar radiation, etc.)…”

Section: Theory: Ricardian Analysismentioning

confidence: 99%

“…For instance, it is not based on controlled experiments across farms and does not usually fully include all non-climatic factors (soil quality, market access, and solar radiation, etc.) in the model [20,21,24,25]. In addition, the Ricardian model captures the manner in which farmers adjust to climate change over decades, not year by year, and, thus, we assume that the predictions are a snapshot of the long run profits [19].…”

Section: Theory: Ricardian Analysismentioning

confidence: 99%

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Measuring the Economic Impact of Climate Change on Crop Production in the Dry Zone of Myanmar: A Ricardian Approach

Huylenbroeck

Speelman

2020

Climate

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Myanmar is the country with the highest economic vulnerability (EV) to climate change in the Southeast Asian region. The dry zone of Myanmar occupies two-thirds of the agricultural lands and it has higher temperatures than elsewhere in the country. Climate change has severe impacts on agricultural production in this region. Moreover, changes in the precipitation patterns increase the likelihood of crop failures in the short-run and production declines in the long run. Therefore, an assessment of the economic impacts of climate change on crop production in the dry zone of Myanmar is very relevant. This paper examines the interactions between agriculture and climate and assesses the economic impact of climate change while using a Ricardian model. A cross-sectional survey covering three regions in the central dry zone: (Magwe, Mandalay, and Sagaing regions) was conducted, yielding a sample of 425 farmers. A non-linear relationship between climate indicators (temperature and precipitation) and revenue of land was found. The marginal effects were calculated by selecting economic and socio-demographic variables. The estimated marginal impacts suggest that the projected changes in temperature will affect the crop productivity of the region. The results also show that the temperature and rainfall components of global warming are both important. Predictions from three global circulation models all confirm that temperature is predicted to increase in all seasons. A significant marginal impact of increasing temperature on the net revenue of farm households was observed in the region. These findings call for policy makers and development planners to articulate the necessary climate change adaptation measures and mitigation options for reducing the negative impacts of climate change. Improved management and conservation of the available water resources could generate water for irrigation purposes and the dissemination of climate smart agricultural practices could lessen the negative impacts of climate change effects on agriculture in the dry zone of Myanmar.

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Section: Theory: Ricardian Analysismentioning

confidence: 99%

Section: Theory: Ricardian Analysismentioning

confidence: 99%

Section: Theory: Ricardian Analysismentioning

confidence: 99%

Section: Theory: Ricardian Analysismentioning

confidence: 99%

See 2 more Smart Citations

Measuring the Economic Impact of Climate Change on Crop Production in the Dry Zone of Myanmar: A Ricardian Approach

Huylenbroeck

Speelman

2020

Climate

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“…Research of (Niggol Seo & Mendelsohn, 2008) entitled: A Ricardian Analysis of the Impact of Climate Change on South American Agriculture has estimated the impact of climate change on agriculture in South America by entering variable adaptability of farmers in the face of climate change. This study used a Ricardian analysis approach with 2300 farmers to investigate the impact of global warming on value of the land.…”

Section: Description Of Modelmentioning

confidence: 99%

Assessing the Climate Change Impact on Farmers Household Welfare According to West Sumatra Agro-Ecological Zone

Farida¹,

Ansofino²,

Rezki³

et al. 2017

Preprint

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This study exams impact of climate change on farmer's income and welfare in various agro-ecological zones in West Sumatra, Indonesia. The first assessment is to determine and generate maps of agro-ecological zone of West Sumatra province. The study also assess on farmer's income and welfare as impacts of climate change based on the agro-ecological zone in the region using the concept of length growing period (LGP) in GIS and Ricardian model. We find there are twelve agroecology zones (AEZ) West Sumatra based on soil potensial classification and elevation. Climate change has more big impact on farmer's welfare on soil potensial one zone than soil potential two. The impact of climate change is likely to lead to a decrease in the level of income of household rubber farmers. The impact of climate change are faster and more pronounced in soil potential one compared to soil potential two.

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A Ricardian Analysis of the Impact of Climate Change on European Agriculture

Passel

Massetti

Mendelsohn

2016

Environ Resource Econ

Self Cite

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A Ricardian Analysis of the Impact of Climate Change on South American Farms

Cited by 46 publications

References 30 publications

Measuring the Economic Impact of Climate Change on Crop Production in the Dry Zone of Myanmar: A Ricardian Approach

Measuring the Economic Impact of Climate Change on Crop Production in the Dry Zone of Myanmar: A Ricardian Approach

Assessing the Climate Change Impact on Farmers Household Welfare According to West Sumatra Agro-Ecological Zone

A Ricardian Analysis of the Impact of Climate Change on European Agriculture

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