Narrow search
Showing 1 - 10 of 701
Cover Image
Is Western European Agriculture Resilient to High Temperatures?
Massetti, Emanuele - 2019
We estimate a Ricardian model of Western European agricultural land values using farm-level data. We model the effect … threshold effects. Results indicate that there are no temperature thresholds beyond which agricultural land values suddenly drop … agriculture is likely to be smooth …
Persistent link: https://www.econbiz.de/10012892286
Cover Image
Using Degree Days to Value Farmland
Massetti, Emanuele; Mendelsohn, Robert; Chonabayashi, Shun - 2014
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...
Persistent link: https://www.econbiz.de/10010480831
Cover Image
Long-Term Macroeconomic Effects of Climate Change: A Cross-Country Analysis
Kahn, Matthew E.; Mohaddes, Kamiar; Ng, Ryan N. C.; … - 2019
We study the long-term impact of climate change on economic activity across countries, using a stochastic growth model where labour productivity is affected by country-specific climate variables. defined as deviations of temperature and precipitation from their historical norms. Using a panel...
Persistent link: https://www.econbiz.de/10012052844
Cover Image
On the Effects of Linking Voluntary Cap-and-Trade Systems for CO2 Emissions
Weitzman, Martin L.; Holtsmark, Bjart J. - 2018
Linkage of cap-and-trade systems is typically advocated by economists on a general analogy with the beneficial linking of free-trade areas and on the specific grounds that linkage will ensure cost effectiveness among the linked jurisdictions. An appropriate and widely accepted specification for...
Persistent link: https://www.econbiz.de/10011931975
Cover Image
Climate Change and Economic Activity: Evidence from U.S. States
Mohaddes, Kamiar; Ng, Ryan N. C.; Pesaran, M. Hashem; … - 2022
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...
Persistent link: https://www.econbiz.de/10013177576
Cover Image
Public Attention and Environmental Action: Evidence from Fires in the Amazon
Araujo, Rafael; Costa, Francisco; Garg, Teevrat - 2022
International agreements to reduce anthropogenic environmental disasters rely on public pressure driving local action. We study whether focused media and increased public outcry can drive local environmental action, reducing environmental damage. Although an annual affair, forest fires in the...
Persistent link: https://www.econbiz.de/10013427683
Cover Image
A Ricardian Analysis of the Impact of Climate Change on European Agriculture
Van Passel, Steven; Massetti, Emanuele; Mendelsohn, … - 2014
This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis … Western Europe. We demonstrate that a median quantile regression outperforms OLS given farm level data. The results suggest … depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9 …
Persistent link: https://www.econbiz.de/10010398558
Cover Image
Optimal Carbon Pricing in General Equilibrium : Temperature Caps and Stranded Assets in an Extended Annual DSGE Model
van der Ploeg, Rick; Rezai, Armon - 2021
The general equilibrium model developed by Golosov et al. (2014), GHKT for short, is modified to allow for additional negative impacts of global warming on utility and productivity growth, mean reversion in the ratio of climate damages to production, labour-augmenting technical progress, and...
Persistent link: https://www.econbiz.de/10013225748
Cover Image
Discounting and Climate Policy
van der Ploeg, Rick - 2020
The social rate of discount is a crucial driver of the social cost of carbon (SCC), i.e. the expected present discounted value of marginal damages resulting from emitting one ton of carbon today. Policy makers should set carbon prices to the SCC using a carbon tax or a competitive permits...
Persistent link: https://www.econbiz.de/10012827663
Cover Image
Climate Change and Economic Activity : Evidence from U.S. States
Mohaddes, Kamiar; C. Ng, Ryan N.; Pesaran, M. Hashem; … - 2022
We investigate the long-term macroeconomic effects of climate change across 48 U.S. states over the period 1963.2016 using a novel econometric strategy which links deviations of temperature and precipitation (weather) from their long-term moving-average historical norms (climate) to various...
Persistent link: https://www.econbiz.de/10013306954