The economic relevance of climate variables in agriculture: The case of Spain

We estimate how climate variables affect price and acreage of productive farmland using the Ricardian approach. Furthermore, we use our estimations to evaluate the joint effects of possible climate changes within the time horizon of 2010 and 2050. Our results show that the price of rainfed land in Spain tends to increase but rainfed acreage decreases. On the other hand, the effect on irrigated farmland price and acreage presents some mixed results, however, in the long run the dominant pattern is clearly increasing for both prices and acreage.

Variant title:
Relevancia económica de las variables climáticas en la agricultura: El caso de España
Issue Date:
Publication Type:
Journal Article
DOI and Other Identifiers:
1578 - 0732 (Other)
PURL Identifier:
Published in:
Economia Agraria y Recursos Naturales, Volume 09, Number 02
Page range:
Total Pages:
JEL Codes:
Q1; C2

 Record created 2017-04-01, last modified 2018-01-22

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