American Economic Review Vol. 102 No. 7 2012

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

Anthony C. Fisher¹; W. Michael Hanemann¹; Michael J. Roberts²; Wolfram Schlenker³

¹ University of California, Berkeley, Department of Agricultural and Resource Economics, 207 Giannini Hall, Berkeley, CA 94720. · ² North Carolina State University, Department of Agricultural and Resource Economics, Box 8109, Raleigh, NC 27695. · ³ Columbia University, Department of Economics and School of International and Public Affairs, 420 W 118th St., New York, NY 10027 and NBER.

Abstract

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.

DOI

10.1257/aer.102.7.3749

Volume

102

Issue

7

Pages

3749-3760

Language

en

Sources

bibtex:phds-export.bib openalex crossref

Cite

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