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The design and conduct of climate change policy necessarily confronts uncertainty along multiple fronts. We explore the consequences of ambiguity over various sources and configurations of models that impact how economic opportunities could be damaged in the future. We appeal to decision theory...
Persistent link: https://www.econbiz.de/10012599354
We discuss global climate mitigation that builds on existing unilateral measures to cut emissions. We document and discuss the rationale for such unilateral measures argue that such measures have the potential to generate positive spillover effects both within and across countries. In a simple...
Persistent link: https://www.econbiz.de/10012463208
The economic effects of climate change vary across both time and space. To study these effects, this paper builds a global economy-climate model featuring a high degree of geographic resolution. Carbon emissions from the use of energy in production increase the Earth's (average) temperature and...
Persistent link: https://www.econbiz.de/10013361992
heat reduces non-agricultural productivity, but less so than in agriculture, implying that hot countries could adapt to … perversely pulls labor into agriculture where its productivity suffers most and reallocation exacerbates the global decline in …
Persistent link: https://www.econbiz.de/10012481491
This paper measures the economic impact of climate change on US agricultural land. We replicate the previous literature's implementation of the hedonic approach and find that it produces estimates of the effect of climate change that are very sensitive to decisions about the appropriate control...
Persistent link: https://www.econbiz.de/10012468027
agriculture. It does so by bridging the extensive literature on climate impacts on yields and physical productivity in global crop …
Persistent link: https://www.econbiz.de/10012452942
Nitrogen (N) fertilizer use in agricultural production is a significant determinant of surface water quality. As climate changes, agricultural producers are likely to adapt at extensive and intensive margins in terms of land and per acre input use, including fertilizers. These changes can affect...
Persistent link: https://www.econbiz.de/10013334372
A popular approach for estimating climate change impacts on agriculture is to rely on supply-side reduced …
Persistent link: https://www.econbiz.de/10013334496
This paper highlights the role of agriculture in the American economy and society over time and points to farmer …
Persistent link: https://www.econbiz.de/10013334507
Climate change increases weather variability, exacerbating agricultural risk in poor countries. Risk-averse farmers are unable to tailor their planting decisions to the coming season, and underinvest in profitable inputs. Accurate, long-range forecasts enable farmers to optimize for the season...
Persistent link: https://www.econbiz.de/10014486264