Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/104001 
Year of Publication: 
2014
Series/Report no.: 
Economics Discussion Papers No. 2014-48
Publisher: 
Kiel Institute for the World Economy (IfW), Kiel
Abstract: 
The economic effects of climate change on agriculture have been widely assessed in the last two decades. Many of these assessments are based on the integration of biophysical and agro-economic models, allowing to understand the physical and socio-economic responses of the agricultural sector to future climate change scenarios. The evolution of the bio-economic approach has gone through different stages.This review analyses its evolution: firstly, framing the bio-economic approach into the context of the assessments of climate change impacts, and secondly, by reviewing empirical studies at the global and European level. Based on this review, common findings emerge in both global and regional assessments. Among them, we show that overall results tend to hide significant disparities on smaller spatial scales. Furthermore, due to the effects of crop prices over yield changes, several authors highlight the need to consider endogenous price models to assess production impacts of climate change. Further, major developments are discussed: the progress made since the last two decades and the recent methods used to provide insights into modeling uncertainties. However, there are still challenges to be met. On this matter, we take these unresolved challenges as guidelines for future research.
Subjects: 
climate change
bio-economic modelling
agricultural markets
food security
food prices
JEL: 
C63
Q10
Q11
Q17
Q54
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

Files in This Item:
File
Size
391.62 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.