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

50 Pages Posted: 9 Jun 2017

See all articles by Martina Bozzola

Martina Bozzola

ETH Zürich

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

Fabian Capitanio

University of Naples Federico II

Date Written: June 8, 2017

Abstract

This research investigates the potential impact of warming on Italian agriculture. Using a detailed dataset of 16,000 farms across Italy, the study examines likely warming impacts in different regions and for different sectors of Italian agriculture. The study finds that farm net revenues are very sensitive to seasonal changes in temperature and precipitation. Livestock and crop farms have different responses to climate as do rain-fed farms and irrigated farms. The overall results suggest mild consequences from marginal changes in climate but increasingly harmful effects from more severe climate scenarios.

Keywords: Ricardian Analysis, Climate Change, Italian Agriculture, Regional Analysis, Panel Data

JEL Classification: Q54, Q51, Q15

Suggested Citation

Bozzola, Martina and Massetti, Emanuele and Mendelsohn, Robert O. and Capitanio, Fabian, A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture (June 8, 2017). CMCC Research Paper No. 283; FEEM Working Paper No. 23.2017. Available at SSRN: https://ssrn.com/abstract=2983021 or http://dx.doi.org/10.2139/ssrn.2983021

Martina Bozzola (Contact Author)

ETH Zürich ( email )

Rämistrasse 101
ZUE F7
Zürich, 8092
Switzerland

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

via Augusto Imperatore, 16
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)

Fabian Capitanio

University of Naples Federico II ( email )

via Cinthia, 4
Naples, Caserta 80126
Italy

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