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A Ricardian model of climate change in Canada

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  • Michelle J. Reinsborough

Abstract

A comparative static ‘Ricardian’ model is used to establish relationships between climate and agricultural land value in Canada. From these relationships, agricultural costs of climate change scenarios are estimated. This study is motivated partly by evidence of potential agricultural benefits of climate change from a similar analysis of the United States by Mendelsohn, Nordhaus and Shaw, and partly by the void of Canadian studies. Furthermore, it extends the analysis to non‐uniform climate change scenarios. Its finding of a slightly positive upper bound on the agricultural benefits from climate change, within a wide margin of error, is motivation for further analysis. Un modèle ricardien de changement climatique au Canada. L’auteur utilise un modèle statique ricardien classique pour établir des relations entre le climat et la valeur des terres agricoles au Canada. A partir de ces relations, on calibre les coûts agricoles de divers scénarios de changement climatique. Cette étude a pris forme en partie en réaction aux résultats d’une analyse similaire de Mendelsohn, Nordhaus et Shaw aux Etats‐Unis, et en partie en réponse à un manque d’études de ce genre au Canada. Cet article étend les analyses aux scénarios de changements climatiques non‐uniformes. Les résultats suggèrent qu’il existe une sorte de borne positive supérieure aux avantages agricoles du changement climatique, à l’intérieur d’une marge d’erreur assez vaste. Voilà qui encourage à poursuivre les analyses.

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  • Michelle J. Reinsborough, 2003. "A Ricardian model of climate change in Canada," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, vol. 36(1), pages 21-40, March.
    • Handle: RePEc:wly:canjec:v:36:y:2003:i:1:p:21-40
    DOI: 10.1111/1540-5982.00002
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    7. Cline, William R, 1996. "The Impact of Global Warming on Agriculture: Comment," American Economic Review, American Economic Association, vol. 86(5), pages 1309-1311, December.
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    14. Attavanich, Witsanu, 2013. "The Effect of Climate Change on Thailand’s Agriculture," MPRA Paper 84005, University Library of Munich, Germany, revised Feb 2014.
    15. Chonabayashi, Shun, 2014. "Accounting for Land Use Adaptation to Climate Change Impacts on US Agriculture," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 170710, Agricultural and Applied Economics Association.
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    20. Susanna Reid & Barry Smit & Wayne Caldwell & Suzanne Belliveau, 2007. "Vulnerability and adaptation to climate risks in Ontario agriculture," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 12(4), pages 609-637, May.

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