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Although the Ricardian model is a cross sectional method, there are advantages to estimating the model with additional years of data. For instance, with a panel, one can more easily separate events in a single year (e.g. weather and price shocks) from longer term phenomenon such as climate. Many...
Persistent link: https://www.econbiz.de/10010550262
A multinomial logit model is estimated across the crop choices of a sample of thousands of Chinese farmers. As temperatures warm, farmers are more likely to choose cotton and maize, but less likely to choose soybeans, and vegetables. As precipitation increases, farmers are more likely to choose...
Persistent link: https://www.econbiz.de/10008787361
This paper investigates the effects of climate on residential electricity use for households from different income classes in Brazil. Using cross-sectional data, the study finds that the temperature elasticity of electricity consumption varies significantly across income classes. The temperature...
Persistent link: https://www.econbiz.de/10008787363