Matches in SemOpenAlex for { <https://semopenalex.org/work/W1569465354> ?p ?o ?g. }
Showing items 1 to 80 of
80
with 100 items per page.
- W1569465354 abstract "This paper measures the economic impact of climate change on US agricultural land. We replicate the previous literature's implementation of the hedonic approach and find that it produces estimates of the effect of climate change that are very sensitive to decisions about the appropriate control variables, sample and weighting. We find estimates of the benchmark doubling of greenhouse gases on agricultural land values that range from a decline of $420 billion (1997$) to an increase of $265 billion, or 30% to 19%. Despite its theoretical appeal, the wide variability of these estimates suggests that the hedonic method may be unreliable in this setting. In light of the potential importance of climate change, this paper proposes a new strategy to determine its economic impact. We estimate the effect of weather on farm profits, conditional on county and state by year fixed effects, so the weather parameters are identified from the presumably random variation in weather across counties within states. The results suggest that the benchmark change in climate would reduce the value of agricultural land by $40 to $80 billion, or 3% to 6%, but the null of zero effect cannot be rejected. In contrast to the hedonic approach, these results are robust to changes in specification. Since farmers can engage in a more extensive set of adaptations in response to permanent climate changes, this estimate is likely downwards biased, relative to the preferred long run effect. Together the point estimates and sign of the likely bias contradict the popular view that climate change will have substantial negative welfare consequences for the US agricultural sector." @default.
- W1569465354 created "2016-06-24" @default.
- W1569465354 creator A5077574905 @default.
- W1569465354 creator A5080582136 @default.
- W1569465354 date "2004-08-01" @default.
- W1569465354 modified "2023-10-02" @default.
- W1569465354 title "The Economic Impacts of Climate Change: Evidence from Agricultural Profits and Random" @default.
- W1569465354 cites W1517850417 @default.
- W1569465354 cites W1587057093 @default.
- W1569465354 cites W3123008097 @default.
- W1569465354 cites W3149184029 @default.
- W1569465354 doi "https://doi.org/10.3386/w10663" @default.
- W1569465354 hasPublicationYear "2004" @default.
- W1569465354 type Work @default.
- W1569465354 sameAs 1569465354 @default.
- W1569465354 citedByCount "7" @default.
- W1569465354 countsByYear W15694653542012 @default.
- W1569465354 countsByYear W15694653542014 @default.
- W1569465354 countsByYear W15694653542015 @default.
- W1569465354 countsByYear W15694653542020 @default.
- W1569465354 crossrefType "report" @default.
- W1569465354 hasAuthorship W1569465354A5077574905 @default.
- W1569465354 hasAuthorship W1569465354A5080582136 @default.
- W1569465354 hasBestOaLocation W15694653542 @default.
- W1569465354 hasConcept C105795698 @default.
- W1569465354 hasConcept C114725131 @default.
- W1569465354 hasConcept C118518473 @default.
- W1569465354 hasConcept C119599485 @default.
- W1569465354 hasConcept C126838900 @default.
- W1569465354 hasConcept C127413603 @default.
- W1569465354 hasConcept C132651083 @default.
- W1569465354 hasConcept C149782125 @default.
- W1569465354 hasConcept C162324750 @default.
- W1569465354 hasConcept C166957645 @default.
- W1569465354 hasConcept C175605778 @default.
- W1569465354 hasConcept C183115368 @default.
- W1569465354 hasConcept C18903297 @default.
- W1569465354 hasConcept C205649164 @default.
- W1569465354 hasConcept C2781162219 @default.
- W1569465354 hasConcept C33923547 @default.
- W1569465354 hasConcept C502990516 @default.
- W1569465354 hasConcept C71924100 @default.
- W1569465354 hasConcept C86803240 @default.
- W1569465354 hasConceptScore W1569465354C105795698 @default.
- W1569465354 hasConceptScore W1569465354C114725131 @default.
- W1569465354 hasConceptScore W1569465354C118518473 @default.
- W1569465354 hasConceptScore W1569465354C119599485 @default.
- W1569465354 hasConceptScore W1569465354C126838900 @default.
- W1569465354 hasConceptScore W1569465354C127413603 @default.
- W1569465354 hasConceptScore W1569465354C132651083 @default.
- W1569465354 hasConceptScore W1569465354C149782125 @default.
- W1569465354 hasConceptScore W1569465354C162324750 @default.
- W1569465354 hasConceptScore W1569465354C166957645 @default.
- W1569465354 hasConceptScore W1569465354C175605778 @default.
- W1569465354 hasConceptScore W1569465354C183115368 @default.
- W1569465354 hasConceptScore W1569465354C18903297 @default.
- W1569465354 hasConceptScore W1569465354C205649164 @default.
- W1569465354 hasConceptScore W1569465354C2781162219 @default.
- W1569465354 hasConceptScore W1569465354C33923547 @default.
- W1569465354 hasConceptScore W1569465354C502990516 @default.
- W1569465354 hasConceptScore W1569465354C71924100 @default.
- W1569465354 hasConceptScore W1569465354C86803240 @default.
- W1569465354 hasLocation W15694653541 @default.
- W1569465354 hasLocation W15694653542 @default.
- W1569465354 hasOpenAccess W1569465354 @default.
- W1569465354 hasPrimaryLocation W15694653541 @default.
- W1569465354 hasRelatedWork W1891946507 @default.
- W1569465354 hasRelatedWork W1998557629 @default.
- W1569465354 hasRelatedWork W2165385208 @default.
- W1569465354 hasRelatedWork W2180266387 @default.
- W1569465354 hasRelatedWork W2183016707 @default.
- W1569465354 hasRelatedWork W2281328521 @default.
- W1569465354 hasRelatedWork W2301948184 @default.
- W1569465354 hasRelatedWork W3142747969 @default.
- W1569465354 hasRelatedWork W2323601612 @default.
- W1569465354 hasRelatedWork W3122493609 @default.
- W1569465354 isParatext "false" @default.
- W1569465354 isRetracted "false" @default.
- W1569465354 magId "1569465354" @default.
- W1569465354 workType "report" @default.