@article{Shrestha:158096,
      recid = {158096},
      author = {Shrestha, Shailesh and Ciaian, Pavel and Himics, Mihay and  Van Doorslaer, Benjamin},
      title = {Impacts of Climate Change on EU Agriculture},
      journal = {Review of Agricultural and Applied Economics (RAAE)},
      address = {2013-09-18},
      number = {395-2016-24317},
      series = {RAAE, Vol.16},
      pages = {16},
      month = {Sep},
      year = {2013},
      abstract = {The current paper investigates the medium term economic  impact of climate changes on the EU agriculture. The yield  change data under climate change scenarios are taken from  the BIOMA (Biophysical Models Application) simulation  environment. We employ CAPRI modelling framework to  identify the EU aggregate economic effects as well as  regional impacts. We take into account supply and market  price adjustments of the EU agricultural sector as well as  technical adaptation of crops to climate change. Overall  results indicate an increase in yields and production level  in the EU agricultural sector due to the climate change. In  general, there are relatively small effects at the EU  aggregate. For example, the value of land use and welfare  change by approximately between -2% and 0.2%. However,  there is a stronger impact at regional level with some  stronger effects prevailing particularly in the Central and  Northern EU and smaller impacts are observed in Southern  Europe. Regional impacts of climate change vary by a factor  higher up to 10 relative to the aggregate EU impacts. The  price adjustments reduce the response of agricultural  sector to climate change in particular with respect to  production and income changes. The technical adaption of  crops to climate change may result in a change production  and land use by a factor between 1.4 and 6 relative to  no-adaptation situation.},
      url = {http://ageconsearch.umn.edu/record/158096},
      doi = {https://doi.org/10.22004/ag.econ.158096},
}