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A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture

Author

Listed:
  • Martina Bozzola
  • Emanuele Massetti
  • Robert Mendelsohn
  • Fabian Capitanio

Abstract

This research investigates the potential impact of warming on Italian agriculture. Using a detailed dataset of 16,000 farms across Italy, the study examines likely warming impacts in different regions and for different sectors of Italian agriculture. The study finds that farm net revenues are very sensitive to seasonal changes in temperature and precipitation. Livestock and crop farms have different responses to climate as do rain-fed farms and irrigated farms. The overall results suggest mild consequences from marginal changes in climate but increasingly harmful effects from more severe climate scenarios.

Suggested Citation

  • Martina Bozzola & Emanuele Massetti & Robert Mendelsohn & Fabian Capitanio, 2017. "A Ricardian Analysis of the Impact of Climate Change on Italian Agriculture," EIA: Climate Change: Economic Impacts and Adaptation 257878, Fondazione Eni Enrico Mattei (FEEM).
    • Handle: RePEc:ags:feemei:257878
    DOI: 10.22004/ag.econ.257878
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    More about this item

    Keywords

    Environmental Economics and Policy;

    JEL classification:

    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
    • Q15 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Land Ownership and Tenure; Land Reform; Land Use; Irrigation; Agriculture and Environment

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