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Evolving Comparative Advantage and the Impact of Climate Change in Agricultural Markets: Evidence from 1.7 Million Fields around the World / Dave Donaldson, Arnaud Costinot, Cory B. Smith.
- Format:
- Book
- Author/Creator:
- Costinot, Arnaud.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w20079.
- NBER working paper series no. w20079
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Evolving Comparative Advantage and the Impact of Climate Change in Agricultural Markets
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2014.
- Summary:
- A large agronomic literature models the implications of climate change for a variety of crops and locations around the world. The goal of the present paper is to quantify the macro-level consequences of these micro-level shocks. Using an extremely rich micro-level dataset that contains information about the productivity---both before and after climate change---of each of 10 crops for each of 1.7 million fields covering the surface of the Earth, we find that the impact of climate change on these agricultural markets would amount to a 0.26% reduction in global GDP when trade and production patterns are allowed to adjust.
- Notes:
- Print version record
- April 2014.
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