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

Martina Bozzola, Emanuele Massetti, Robert Mendelsohn, Fabian Capitanio

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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 rainfed farms and irrigated crop farms. The overall results suggest mild consequences from marginal changes in climate but increasingly harmful effects from more severe climate scenarios.
Original languageEnglish
Pages (from-to)57-79
Number of pages23
JournalEuropean Review of Agricultural Economics
Volume45
Issue number1
Early online date17 Nov 2017
DOIs
Publication statusPublished - 01 Feb 2018

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Keywords

  • Ricardian analysis
  • climate change
  • Italian agriculture
  • regional analysis
  • panel data

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