Abstract
Considering the scale of global warming, we make an attempt to assess the
impact of climate change on Macedonian agriculture. Farmers’ adaptation is taken into account by using an alternative specification of the Ricardian model based on the use of aridity indices to capture the non-linear response of farmland values to temperature and precipitation. Econometric results indicate that winter and spring aridity indices influence unit gross returns of crop farms. A decomposition analysis of aridity indices between temperatures and precipitations results in the derivation or marginal responses of unit gross returns of crop farms to seasonal temperatures and precipitations.
impact of climate change on Macedonian agriculture. Farmers’ adaptation is taken into account by using an alternative specification of the Ricardian model based on the use of aridity indices to capture the non-linear response of farmland values to temperature and precipitation. Econometric results indicate that winter and spring aridity indices influence unit gross returns of crop farms. A decomposition analysis of aridity indices between temperatures and precipitations results in the derivation or marginal responses of unit gross returns of crop farms to seasonal temperatures and precipitations.
Original language | English |
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Publication status | Published - 2014 |
Externally published | Yes |
Event | EAAE 2014 Congress: Agri-Food and Rural Innovations for Healthier Societies - Ljubljana, Slovenia Duration: 2014 Aug 26 → 2014 Aug 29 |
Conference
Conference | EAAE 2014 Congress |
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Country/Territory | Slovenia |
City | Ljubljana |
Period | 2014/08/26 → 2014/08/29 |
Free keywords
- Ricardian model
- climate change
- Macedonian agrigulture
- aridity index