This paper investigates the impacts of climate change on US returns to research investments on agricultural productivity. We examine this using a historical data set in a panel time-series econometric model of state agricultural productivity. The fitted model allows derivation of the rate of...

This paper examines the role that climate change might be playing in the declining returns to agricultural research. For this purpose, we estimate a cross-section time-series model of agricultural total factor productivity for the U.S. states over the period 1970–1999, with the inclusion of...