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Historical Climate Factors and Rice Prices in the Philippines

Author

Listed:
  • Ong, Adriel

    (M&S Research Hub institute)

Abstract

Developing countries rely on sectors like agriculture for production and sustenance. Climate change threatens their economic activity by impacting crop yields and affecting seasonal planting and harvests. Using advances in econometric modeling, however, one may analyze the effects of variable climate on crop yields. We study the case of the Philippines, which remains vulnerable to climate change. Using a MIDAS regression model comparing both daily and monthly climate data to monthly farmgate rice prices, we analyze how sensitive rice supply is to climate factors.

Suggested Citation

  • Ong, Adriel, 2021. "Historical Climate Factors and Rice Prices in the Philippines," MSR Working Papers 2-2021, M&S Research Hub institute.
    • Handle: RePEc:ris:msrwps:2021_002
    as

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    Cited by:

    1. Wang, Lu & Wu, Rui & Ma, WeiChun & Xu, Weiju, 2023. "Examining the volatility of soybean market in the MIDAS framework: The importance of bagging-based weather information," International Review of Financial Analysis, Elsevier, vol. 89(C).

    More about this item

    Keywords

    Climate; Historical Climate; Agriculture; Philippines; Rice; MIDAS;
    All these keywords.

    JEL classification:

    • Q10 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - General

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