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Historical Climate Factors and Rice Prices in the Philippines

Ong, A. (2021). Historical Climate Factors and Rice Prices in the Philippines. MSR Working Paper Series 02-2021.

9 Pages Posted: 19 May 2021

See all articles by Adriel Ong

Adriel Ong

M&S Research Hub; DATSTAT Statistical and Research Consultancy

Date Written: May 18, 2021

Abstract

Developing countries rely on sectors like agriculture for production and sustenance. Climate change threatens their economic activity by impacting crop yields and affecting seasonal planting and harvests. Using advances in econometric modeling, however, one may analyze the effects of variable climate on crop yields. We study the case of the Philippines, which remains vulnerable to climate change. Using a MIDAS regression model comparing both daily and monthly climate data to monthly farmgate rice prices, we analyze how sensitive rice supply is to climate factors.

Keywords: Climate, Historical Climate, Agriculture, Philippines, Rice, MIDAS

JEL Classification: Q10, Q110, Q50, Q54

Suggested Citation

Ong, Adriel, Historical Climate Factors and Rice Prices in the Philippines (May 18, 2021). Ong, A. (2021). Historical Climate Factors and Rice Prices in the Philippines. MSR Working Paper Series 02-2021. , Available at SSRN: https://ssrn.com/abstract=3848255 or http://dx.doi.org/10.2139/ssrn.3848255

Adriel Ong (Contact Author)

M&S Research Hub ( email )

Carlo Mierendorff Str.43
Kassel, 34132
Germany

DATSTAT Statistical and Research Consultancy ( email )

Lot 10 Block 4 Dona Carmen Street
Angeles, Pampanga 2009
Philippines

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