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The economic relevance of climate variables in agriculture: The case of Spain

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  • Garcia, Maria
  • Viladrich-Grau, Montserrat

Abstract

We estimate how climate variables affect price and acreage of productive farmland using the Ricardian approach. Furthermore, we use our estimations to evaluate the joint effects of possible climate changes within the time horizon of 2010 and 2050. Our results show that the price of rainfed land in Spain tends to increase but rainfed acreage decreases. On the other hand, the effect on irrigated farmland price and acreage presents some mixed results, however, in the long run the dominant pattern is clearly increasing for both prices and acreage.

Suggested Citation

  • Garcia, Maria & Viladrich-Grau, Montserrat, 2009. "The economic relevance of climate variables in agriculture: The case of Spain," Economia Agraria y Recursos Naturales, Spanish Association of Agricultural Economists, vol. 9(02), pages 1-32.
    • Handle: RePEc:ags:earnsa:57291
    DOI: 10.22004/ag.econ.57291
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    Cited by:

    1. Catherine Benjamin & Ewen Gallic, 2017. "Effects of Climate Change on Agriculture: a European case study," Economics Working Paper Archive (University of Rennes & University of Caen) 2017-16, Center for Research in Economics and Management (CREM), University of Rennes, University of Caen and CNRS.

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    More about this item

    Keywords

    Agricultural and Food Policy;

    JEL classification:

    • Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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