A Ricardian Analysis of the Impact of Climate Change on European Agriculture

28 Pages Posted: 8 Jul 2014

See all articles by Steven Van Passel

Steven Van Passel

Hasselt University

Emanuele Massetti

Georgia Institute of Technology; CESifo (Center for Economic Studies and Ifo Institute); CMCC - Euro Mediterranean Centre for Climate Change

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies; Yale University

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Date Written: June 12, 2014

Abstract

This research estimates the impact of climate on European agriculture using a continental scale Ricardian analysis. Climate, soil, geography and regional socio-economic variables are matched with farm level data from 37,612 farms across Western Europe. We demonstrate that a median quantile regression outperforms OLS given farm level data. The results suggest that European farms are slightly more sensitive to warming than American farms with losses from -8% to -44% by 2100 depending on the climate scenario. Farms in Southern Europe are predicted to be particularly sensitive, suffering losses of -9% to -13% per degree Celsius.

Keywords: Ricardian analysis, climate change, European agriculture, climate change economics, quantile regression

JEL Classification: Q540, Q510, Q150

Suggested Citation

Van Passel, Steven and Massetti, Emanuele and Mendelsohn, Robert O., A Ricardian Analysis of the Impact of Climate Change on European Agriculture (June 12, 2014). CESifo Working Paper Series No. 4842. Available at SSRN: https://ssrn.com/abstract=2463134

Steven Van Passel (Contact Author)

Hasselt University ( email )

Agoralaan 30, Building D
Diepenbeek, 3590
Belgium

Emanuele Massetti

Georgia Institute of Technology ( email )

685 Cherry St.
Atlanta, GA 30332-0345
United States

CESifo (Center for Economic Studies and Ifo Institute)

Poschinger Str. 5
Munich, DE-81679
Germany

CMCC - Euro Mediterranean Centre for Climate Change

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Lecce, I-73100
Italy

Robert O. Mendelsohn

Yale University - School of Forestry & Environmental Studies ( email )

195 Prospect Street
New Haven, CT 06511
United States

Yale University ( email )

New Haven, CT 06520
United States
2034325128 (Phone)

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