Projections of future crop yields are highly uncertain. At global to regional scale, CO2 fertilization has the potential to generally increase crop yields on current crop land. However, it is highly unlikely that yield increases due to CO2 fertilization will be fully achieved in most regions, as...

The economic welfare effects of climate change on global agriculture will be mediated by several complex biophysical and economic processes. For a given emissions scenario, these include: (1) the response of the climate system to anthropogenic forcing, (2) the response of crop yields to climate...

The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...