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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
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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
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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
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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
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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
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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
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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
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Climate Change through the Lens of Macroeconomic Modeling
Fernández-Villaverde, Jésus; Gillingham, Kenneth T.; … - 2024
There is a rapidly advancing literature on the macroeconomics of climate change. This review focuses on developments in the construction and solution of structural integrated assessment models (IAMs), highlighting the marriage of state-of-the-art natural science with general equilibrium theory....
Persistent link: https://www.econbiz.de/10015097025
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Optimal Carbon Pricing in General Equilibrium : Temperature Caps and Stranded Assets in an Extended Annual DSGE Model
Ploeg, Frederick van der; 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
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On Current and Future Carbon Prices in a Risky World
Olijslagers, Stan; Ploeg, Frederick van der; … - 2021
We analyse optimal abatement and carbon pricing strategies under a variety of economic, temperature and damage risks. Economic growth, convex damages and temperature-dependent risks of climatic tipping points lead to higher growth rates of carbon prices, but gradual resolution of uncertainty...
Persistent link: https://www.econbiz.de/10013226653