New horizons in environmental economics series:
This book uses the Ricardian method to examine the impact of climate change on agriculture. The book also quantifies how farmers adapt to climate. The findings suggest that agriculture in developing countries is more sensitive to climate than agriculture in developed countries.
The book examines 22 countries across four continents, including both developed and developing economies. It provides both a good analytical basis for additional work and solid results for policy debate concerning income distributional effects such as abatement, adaptation, and equity.
The results reveal that impacts and adaptations vary a great deal across landscapes, suggesting that adaptation policies must be location specific. Finally, the book suggests a research agenda for the future.
Contents: 1. Introduction; 2. The Role of Climate in Agricultural Production; 3. Literature Review of Economic Impacts of Climate Change on Agriculture; 4. The Ricardian Method; 5. Modeling Adaptation to Climate Change; 6. Structural Ricardian Models; 7. Ricardian Analyses of Aggregate Data; 8. Ricardian Models of Individual Farms; 9. Adaptation Studies; 10. Structural Ricardian Studies; 11. Summary of Results; 12. Policy Implications and Future Research Needs; Index.
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