Climate change and Australia’s comparative advantage in wheat

Australia has long been a major exporter of wheat, a commodity well suited to the economic and climatic conditions of Australia. According to the conventional wisdom, Australia holds a comparative advantage in wheat. However, the future validity of this proposition is sensitive to the proposed impacts of climate change. This paper develops a framework with which to examine the future patterns of comparative advantage in wheat given the projections of several global climate models. We find support for the conventional wisdom, and identify the presence of substantial resilience in Australia’s comparative advantage to adverse yield change.


Issue Date:
2010
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/59155
Total Pages:
25




 Record created 2017-04-01, last modified 2017-08-25

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