Arbeitspapier
Do Temperature Thresholds Threaten American Farmland?
Estimated Ricardian models have been criticized because they rely on mean temperatures and do not explicitly include extreme temperatures. This paper uses a cross sectional approach to compare a standard quadratic Ricardian model of mean temperature with a fully flexible daily temperature bin model of farmland values in the Eastern United States. The flexible bin model leads to smaller damages from warming than the quadratic mean specification, but the difference is not statistically significant. Although weather panel studies find high temperature events lead to large annual damage, high temperature events have no harmful effect on farmland values. The results are robust to alternative model specifications and data sets.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 043.2017
- Klassifikation
-
Wirtschaft
- Thema
-
Agriculture
Climate Change
Weather
Crop Yields
Ricardian
Threshold
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Massetti, Emanuele
Mendelsohn, Robert
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondazione Eni Enrico Mattei (FEEM)
- (wo)
-
Milano
- (wann)
-
2017
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:44 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Massetti, Emanuele
- Mendelsohn, Robert
- Fondazione Eni Enrico Mattei (FEEM)
Entstanden
- 2017
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