An analysis of the impact of climate change on crop yields and yield variability

Isik, M. and Devadoss, S. (2007) An analysis of the impact of climate change on crop yields and yield variability. Applied Economics, 38 (7). pp. 835-844.

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Abstract

This paper develops an econometric model of stochastic production functions to quantify the impacts of climatic variables on the mean, variance, and covariance of crop yields. The estimates of the production function parameters and their elasticities are utilized to analyse the impacts of the projected climate change on agriculture. The results show that the climate change will have modest effects on the mean crop yields, but will significantly reduce the variance and covariance for most of the crops considered. The results have implications for allocations of agricultural land among crops and for crop production mix.

Item Type: Article
Uncontrolled Keywords: Crop Yeilds, Climate Change, Agriculture, Economics
Author Affiliation: Department of Agricultural Economics and Rural Sociology, University of Idaho, 28B Ag Science Building, Moscow, ID 83844, USA
Subjects: Social Sciences > Agricultural Economics
Divisions: General
Depositing User: Mr Siva Shankar
Date Deposited: 14 Aug 2012 11:02
Last Modified: 14 Aug 2012 11:03
Official URL: http://dx.doi.org/10.1080/00036840500193682
URI: http://eprints.icrisat.ac.in/id/eprint/7376

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