This study estimates Climate Adjusted Total Factor Productivity (CATFP) for agriculture in Latin America and Caribbean … (LAC) countries, while also providing comparisons with several regions of the world. Climatic variability is introduced in … induces significant reductions in productivity (2.3% to 10.7%), over the 2013-2040 period. Estimated output losses due to …

We study how stochasticity in the evolution of agricultural productivity interacts with economic and population growth …-2010 data on world GDP, population, cropland and technological progress. Introducing random shocks to the evolution of total … factor productivity in agriculture, we show that uncertainty optimally requires more land to be converted into agricultural …