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

In a series of studies employing a variety of approaches, we have found that the potential impact of climate change on US agriculture is likely negative. Deschênes and Greenstone (2007) report dramatically different results based on regressions of agricultural profits and yields on weather variables...

Full description

Saved in:
Bibliographic Details
Published in:The American economic review 2012-12, Vol.102 (7), p.3749-3760
Main Authors: Fisher, Anthony C., Hanemann, W. Michael, Roberts, Michael J., Schlenker, Wolfram
Format: Article
Language:English
Subjects:
Agricultural economics
Agricultural production
Agriculture
Climate change
Climate models
Crop economics
Crop production
Crops
Economic fluctuations
Economic impact
Economic impact analysis
Economic models
Economic theory
Economics
Farm economics
Farms
Inventory
Modeling
Profit
Shorter Papers
Soybeans
Statistical variance
Studies
Temperature
Variables
Weather
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:In a series of studies employing a variety of approaches, we have found that the potential impact of climate change on US agriculture is likely negative. Deschênes and Greenstone (2007) report dramatically different results based on regressions of agricultural profits and yields on weather variables. The divergence is explained by (1) missing and incorrect weather and climate data in their study; (2) their use of older climate change projections rather than the more recent and less optimistic projections from the Fourth Assessment Report; and (3) difficulties in their profit measure due to the confounding effects of storage. [PUBLICATION ABSTRACT]
ISSN:0002-8282
1944-7981
DOI:10.1257/aer.102.7.3749