Increasing weather risk: Fact of fiction?

Arbeitspapier

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel statistical tools for assessing changes in weather risk over time. We apply local t-test, change point tests and Mann-Kendall test as well as quantile regression to weather risk indicators that are relevant from the viewpoint of agricultural production. Our results show that weather risk follows different pattern depending on the type of risk and the location.

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• Language: Englisch

References and Relationships

• Bibliographic citation: Series: SFB 649 Discussion Paper ; No. 2011-077

Classification and Topics

• Classification: Wirtschaft ; Mathematical and Quantitative Methods: General ; Semiparametric and Nonparametric Methods: General ; Labor Economics: General ; Wage Level and Structure; Wage Differentials
• Subject: weather extremes ; agricultural risk ; change point test ; quantile regressions ; Wetter ; Risiko ; Klimaveränderung ; Landwirtschaft ; Zeitreihenanalyse ; Regression ; Statistischer Test ; Schätzung ; Welt

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Wang, Weining ; Bobojonov, Ihtiyor ; Härdle, Wolfgang Karl ; Odening, Martin
• Event: Veröffentlichung
• (who): Humboldt University of Berlin, Collaborative Research Center 649 - Economic Risk
• (where): Berlin
• (when): 2011

Further information

• Handle: http://hdl.handle.net/10419/56661