The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.
The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather
Open accessAbstract
This paper measures the economic impact of climate change on US agricultural land by estimating the effect of random year-to-year variation in temperature and precipitation on agricultural profits. The preferred estimates indicate that climate change will increase annual profits by $1.3 billion in 2002 dollars (2002$) or 4 percent. This estimate is robust to numerous specification checks and relatively precise, so large negative or positive effects are unlikely. We also find the hedonic approach—which is the standard in the previous literature—to be unreliable because it produces estimates that are extremely sensitive to seemingly minor choices about control variables, sample, and weighting. (JEL L25, Q12, Q51, Q54)
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Citations
Cites
Identification and estimation of hedonic models
Ekeland, I., Heckman, J. J., & Nesheim, L. (2004) · Journal of Political Economy · doi:10.1086/379947 · Cited by 380
Cited by
Nonlinear temperature effects indicate severe damages to U.S. crop yields under climate change
Schlenker, W., & Roberts, M. J. (2009) · Proceedings of the National Academy of Sciences · doi:10.1073/pnas.0906865106 · Cited by 3,420
What Do We Learn from the Weather? The New Climate-Economy Literature
Dell, M., Jones, B. F., & Olken, B. A. (2014) · Journal of Economic Literature · doi:10.1257/jel.52.3.740 · Cited by 2,300
Does Adaptation to Climate Change Provide Food Security? A Micro‐Perspective from Ethiopia
Di Falco, S., Veronesi, M., & Yesuf, M. (2011) · American Journal of Agricultural Economics · doi:10.1093/ajae/aar006 · Cited by 1,380
Estimating economic damage from climate change in the United States
Hsiang, S., Kopp, R., Jina, A., Rising, J., Delgado, M., Mohan, S., Rasmussen, D. J., Muir-Wood, R., Wilson, P., Oppenheimer, M., et al. (2017) · Science · doi:10.1126/science.aal4369 · Cited by 1,239
Temperature and the Allocation of Time: Implications for Climate Change
Graff Zivin, J., & Neidell, M. (2014) · Journal of Labor Economics · doi:10.1086/671766 · Cited by 1,024
Metadata
- Authors
- Deschênes, O., & Greenstone, M.
- Venue
- The American Economic Review
- Publisher
- American Economic Association
- Published
- 2007-03-01
- Volume
- 97
- Issue
- 1
- Pages
- 354-385
- ISSN
- 0002-8282 (ISSN-L)
- OpenAlex
- W4241914475
- Cited by
- 1,388
- References
- 1
- FWCI
- 14.65
- Type
- journal article
- Language
- en
- Open access
- green
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- Deschênes, O., & Greenstone, M. (2007). The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather. The American Economic Review. https://doi.org/10.1257/000282807780323604
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.
