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Weather and their effect on crop yields in Scotland 1935-2012

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  • Revoredo-Giha, Cesar
  • Gaupp, Franziska

Abstract

The purpose of this paper is to analyse the effect that weather variables have on the mean and variance of the yields of barley, oats, potatoes and wheat in Scotland, during the period 1935- 2012. Although theoretically grounded on the stochastic production function approach, the paper uses the generalised autoregressive conditional heteroskedastic (GARCH) to model the variance of the crop yields. Results indicate that temperature has a positive effect on the mean yield, whilst rainfall has a negative effect on it. In addition, both temperature and rainfall have differentiated results on the crop yields’ variances.

Suggested Citation

  • Revoredo-Giha, Cesar & Gaupp, Franziska, 2014. "Weather and their effect on crop yields in Scotland 1935-2012," 2014 International Congress, August 26-29, 2014, Ljubljana, Slovenia 183034, European Association of Agricultural Economists.
    • Handle: RePEc:ags:eaae14:183034
    DOI: 10.22004/ag.econ.183034
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    References listed on IDEAS

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    2. Bollerslev, Tim, 1986. "Generalized autoregressive conditional heteroskedasticity," Journal of Econometrics, Elsevier, vol. 31(3), pages 307-327, April.
    3. Just, Richard E. & Pope, Rulon D., 1978. "Stochastic specification of production functions and economic implications," Journal of Econometrics, Elsevier, vol. 7(1), pages 67-86, February.
    4. Bruce A. McCarl & Xavier Villavicencio & Ximing Wu, 2008. "Climate Change and Future Analysis: Is Stationarity Dying?," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 90(5), pages 1241-1247.
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    Demand and Price Analysis;

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