Abstract
This paper presents a comprehensive review of the literature on Ricardian analysis as applied to estimating the impact of climate change on agriculture. Through a survey of published research, we discuss revisions, expansions, and the criticisms researchers have made of the Ricardian analysis since its introduction by Mendelsohn et al. The types of dependent variables and the choice of the climate variables utilized in the Ricardian analysis are synthesized and discussed. Additionally, the paper outlines the distinctions between static and dynamic Ricardian analysis, different farm types, and analyses using aggregate and farm-level data. The paper provides a synthesis of the findings of previous studies related to the study location and farm type and explores open questions and empirical concerns that require investigation in future research.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
