A Ricardian analysis of US and Canadian farmland
In this analysis, we undertake a comparative Ricardian analysis of agriculture between Canada and the United States. We find that the climate responses of the two countries are similar but statistically different despite the fact that the two countries are neighbors. Comparing the marginal impacts of climate change, we find that Canadian agriculture is unaffected by warmer temperatures but would benefit from more precipitation. US farms are much more sensitive to higher temperatures and benefit relatively less from increased precipitation. These marginal results were anticipated given that Canadian farms are generally cooler and drier than American farms.
Unable to display preview. Download preview PDF.
- Mendelsohn R, Nordhaus W, Shaw D (1994) The impact of global warming on agriculture: a Ricardian analysis. Am Econ Rev 84:753–771Google Scholar
- Mendelsohn R, Nordhaus W, Shaw D (1999) The impact of climate variation on US agriculture. In: Mendelsohn R, Neumann J (eds) The impact of climate change on the United States economy. Cambridge University Press, Cambridge, UKGoogle Scholar
- Mendelsohn R, Nordhaus W, Shaw D (2001) Agriculture: a Ricardian analysis. In: Mendelsohn R (ed) Global warming and the American economy: a regional analysis. Edward Elgar Publishing, EnglandGoogle Scholar
- Reilly J, et al (1996) Agriculture in a changing climate: impacts and adaptations. In: Watson R, Zinyowera M, Moss D, Dokken D (eds) Climate change 1995: impacts, adaptations, and mitigation of climate change: scientific-technical analyses. Cambridge University Press, CambridgeGoogle Scholar
- Statistics Canada (1996) 1996 census of population and 1996 census of agriculture Beyond 20/20 files and GEOREF filesGoogle Scholar
- United States Department of Agriculture (USDA) (1997) 1997 Census of agriculture. National Agricultural Statistics Service, Washington, DC, CD-ROM setGoogle Scholar