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The Effect of Climate Change, CO2 Fertilization, and Crop Production Technology on Crop Yields and Its Economic Implications on Market Outcomes and Welfare Distribution AgEcon
Attavanich, Witsanu; McCarl, Bruce A..
Many studies have done econometric estimates of how climate alters crop yields and or land rents in an effort to gain information on potential effects of climate change. However, an important related factor, the atmospheric carbon dioxide (CO2) concentration, and in fact a driver of climate change is ignored. This means the prior econometric estimates are biased as they infer what will happen under climate change from observations in the recent past, but without consideration of CO2 effects. Furthermore although CO2 has been varying, it has proceeded at a very linear pace and cannot be disentangled from technological progress using historical crop yield data. This paper is designed to overcome this issue and estimate the consequences that CO2 has and...
Tipo: Conference Paper or Presentation Palavras-chave: Carbon Dioxide Fertilization; Crop Yield; Yield Variability; Climate Change; Crop Production Technology; Welfare Distribution; Market Outcomes; Stochastic Production Function; The Agricultural Sector Model; Feasible Generalized Least Squares; Crop Production/Industries; Land Economics/Use; Production Economics; Research and Development/Tech Change/Emerging Technologies; C61; C13; Q16; Q54; D69; D24.
Ano: 2011 URL: http://purl.umn.edu/103324
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Production Risk, Farmer Welfare, and Bt Corn in the Philippines AgEcon
Sanglestsawai, Santi; Rejesus, Roderick M.; Yorobe, Jose M., Jr..
This article examines the production risk effects and welfare implications of Bt corn adoption in the Philippines by specifically considering the impact of Bt on the mean, variance, and skewness of yields. Assessing the skewness effects of Bt provides further inferences about the downside risk protection of this technology in a developing country context. Stochastic production function estimation is utilized to achieve the study objective, including an approach that allows for examining the skewness effects of Bt within a damage abatement specification. Our results indicate that Bt corn do not have a statistically significant risk-reducing (i.e., variance-reducing) or downside risk-reducing (i.e., skewness-increasing) effect, the main benefit is through...
Tipo: Presentation Palavras-chave: Bt corn; Damage Abatement; GM crop; Production Risk; Downside risk; Skewness; Stochastic Production Function; Risk and Uncertainty; Q12; Q1.
Ano: 2012 URL: http://purl.umn.edu/124237
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