Welfare Valuation of the Impact of Climate Change to Rice Food Security: A Theoretical Implications
Navarro, Ma. Kresna D. (2015) Welfare Valuation of the Impact of Climate Change to Rice Food Security: A Theoretical Implications. International Journal of Physical and Social Sciences. Vol. 5, Issue 2. pp: 210-221
12 Pages Posted: 2 Feb 2015
Date Written: February 1, 2015
Abstract
Philippines’ vulnerability to adverse effect of climate change greatly affects the country’s rice food security. The study proposed tools to evaluate impact of climate change to rice security by using welfare measures like compensating and equivalent valuation. These tools are used to measure the welfare of households as a result of price change. This study attempts to discuss limitations of compensating and equivalent variation as assessment tools for welfare change or the impact of climate change on rice food security.
JEL Classification: D6, D63
Suggested Citation: Suggested Citation