@article{Seo:176845,
      recid = {176845},
      author = {Seo, S. Niggol},
      title = {The impacts of climate change on Australia and New  Zealand: a Gross Cell Product analysis by land cover},
      journal = {Australian Journal of Agricultural and Resource Economics},
      address = {2011},
      number = {428-2016-27907},
      pages = {19},
      year = {2011},
      abstract = {This paper examines the newly constructed geographically  scaled economic output
measure, Gross Cell Product (GCP),  of Australia and New Zealand to quantify the
impacts of  climate change in the region. The paper discusses  advantages of using the
GCP instead of the Gross Domestic  Product. The paper reveals that the GCP falls
sharply as  temperature increases in the region. A 1 degree Celsius  increase in temperature would
decrease the productivity  with an elasticity of )2.4. A 1 per cent decrease in  precipitation
would decrease productivity with an  elasticity of )2.3. However, forest vegetation
on the  coasts will benefit from initial warming. We find that the  changes in climate
means are potentially more harmful than  changes in climate variability. In the long
term, a 3.4  warming coupled with 6.6 mm decrease in rainfall would  decrease the
GCP by 34 per cent by 2060. The damage is  largely accounted for by population
effects. The paper  confirms that Australia is highly constrained by climate  and
geographic factors.},
      url = {http://ageconsearch.umn.edu/record/176845},
      doi = {https://doi.org/10.22004/ag.econ.176845},
}