scholarly journals The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather

2007 ◽  
Vol 97 (1) ◽  
pp. 354-385 ◽  
Author(s):  
Olivier Deschênes ◽  
Michael Greenstone
2012 ◽  
Vol 102 (7) ◽  
pp. 3761-3773 ◽  
Author(s):  
Olivier Deschênes ◽  
Michael Greenstone

Fisher et al. (2012)––henceforth, FHRS––have uncovered coding and data errors in our paper, Deschênes and Greenstone (2007), henceforth, DG. We acknowledge and are embarrassed by these mistakes. We are grateful to FHRS for uncovering them. We hope that this Reply will also contribute to advancing the literature on the vital question of the impact of climate change on the US agricultural sector.


2007 ◽  
Vol 97 (1) ◽  
pp. 354-385 ◽  
Author(s):  
Olivier Deschênes ◽  
Michael Greenstone

This paper measures the economic impact of climate change on US agricultural land by estimating the effect of random year-to-year variation in temperature and precipitation on agricultural profits. The preferred estimates indicate that climate change will increase annual profits by $1.3 billion in 2002 dollars (2002$) or 4 percent. This estimate is robust to numerous specification checks and relatively precise, so large negative or positive effects are unlikely. We also find the hedonic approach—which is the standard in the previous literature—to be unreliable because it produces estimates that are extremely sensitive to seemingly minor choices about control variables, sample, and weighting. (JEL L25, Q12, Q51, Q54)


2020 ◽  
Vol 47 (2) ◽  
pp. 312-332
Author(s):  
Hyeon Seok Gong ◽  
Kyeong Soo Jeong ◽  
Min Kyoung Kim ◽  
Jae Bong Chang

EDIS ◽  
2009 ◽  
Vol 2009 (1) ◽  
Author(s):  
Tatiana Borisova ◽  
Norman Breuer ◽  
Roy Carriker

FE787, a 12-page fact sheet by Tatiana Borisova, Norman Breuer, and Roy Carriker, focuses on one piece of the policy-making puzzle related to climate change: possible economic costs for the state of Florida associated with climate change projections. Includes references. Published by the UF Department of Food and Resource Economics, December 2008. FE787/FE787: Economic Impacts of Climate Change on Florida: Estimates from Two Studies (ufl.edu)


Sign in / Sign up

Export Citation Format

Share Document