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Title: A Ricardian analysis of the impact of Climate Change on European Agriculture
Authors: VAN PASSEL, Steven 
Massetti, E.
Mendelsohn, R.
Issue Date: 2012
Source: ISEE 2012 Conference, Rio de Janeiro, Brazil, 16-19 June 2012
Abstract: This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Date on climate, soil, geography and regional socio-economic characteristics were matched for 37 612 individual farms across the EU-15. Farmland values across Europe are sensitive to climate. Even with the adaptation captured by the Ricardian technique, farms in Southern Europe are predicted to suffer sizeable losses (8%-13% per degree Celsius) from warming. In contrast, agriculture in the rest of Europe is likely to see only mixed impacts. Increases (decreases) in rain will increase (decrease) average farm values by 3% per centiliter of precipitation. Aggregate impacts by 2100 vary depending on the climate model scenario from a loss of 8% in a mild scenario to a loss of 44% in a harsch scenario.
Keywords: Ricardian analysis; climate change; European agriculture; climate change economics
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Category: C2
Type: Conference Material
Appears in Collections:Research publications

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