Journal
AGRICULTURAL ECONOMICS
Volume 27, Issue 1, Pages 51-64Publisher
WILEY
DOI: 10.1111/j.1574-0862.2002.tb00104.x
Keywords
global warming; agriculture; economic impact; adaptation
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This paper intends to estimate the potential impact of climate change on Taiwan's agricultural sector. Yield response regression models are used to investigate the climate change's impact on 60 crops. A price-endogenous mathematical programming model is then used to simulate the welfare impacts of yield changes under various climate change scenarios. Results suggest that both warming and climate variations have a significant but non-monotonic impact on crop yields. Society as a whole would not suffer from warming, but a precipitation increase may be devastating to farmers. (C) 2002 Elsevier Science B.V. All rights reserved.
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