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

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  • Garcia-Flecha, Maria
  • Viladrich-Grau, Montserrat

Abstract

We estimate the impact of the different climate variables on the value of Spanish farmland. We distinguish between irrigated and non-irrigated lands and use data on temperature, precipitations, physical and socioeconomic characteristics to measure these effects on farm prices and in the number of hectares of farmland. We conclude presenting the main results of our analysis, region by region, and examining the policies that could be more effective to prevent undesired effects.

Suggested Citation

  • Garcia-Flecha, Maria & Viladrich-Grau, Montserrat, 2005. "The economic relevance of climate variables in agriculture: The case of Spain," 2005 Annual meeting, July 24-27, Providence, RI 19154, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea05:19154
    DOI: 10.22004/ag.econ.19154
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    References listed on IDEAS

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    1. William D. Nordhaus & Robert Mendelsohn, 1999. "The Impact of Global Warming on Agriculture: A Ricardian Analysis: Reply," American Economic Review, American Economic Association, vol. 89(4), pages 1046-1048, September.
    2. Mendelsohn, Robert & Nordhaus, William, 1996. "The Impact of Global Warming on Agriculture: Reply," American Economic Review, American Economic Association, vol. 86(5), pages 1312-1315, December.
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    7. Mendelsohn, Robert & Nordhaus, William D & Shaw, Daigee, 1994. "The Impact of Global Warming on Agriculture: A Ricardian Analysis," American Economic Review, American Economic Association, vol. 84(4), pages 753-771, September.
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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

    Land Economics/Use;

    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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