4.4 Article

A Microeconometric Analysis of Adapting Portfolios to Climate Change: Adoption of Agricultural Systems in Latin America

Journal

APPLIED ECONOMIC PERSPECTIVES AND POLICY
Volume 32, Issue 3, Pages 489-514

Publisher

WILEY
DOI: 10.1093/aepp/ppq013

Keywords

Climate change; adaptation; agricultural systems; South America; microeconometrics

Funding

  1. World Bank

Ask authors/readers for more resources

This paper develops a microeconometric analysis of adapting portfolios in response to climate change using information on South American farmers' adoption of agricultural systems taken from approximately 2,000 household surveys. The results show that farmers in a hotter climate prefer a mixed system over specialized systems either in crops or livestock. Under a hot and dry scenario, the land values of all three systems would fall, but the damage would be much smaller in the mixed system (-10%) than for the farms specializing in crops (-20%). Farmers are predicted to lose 8% of their land's value under the Canadian Climatic Center (CCC) scenario, but only 2% under the Parallel Climate Model (PCM). Losses would increase to 18% if they do not adapt.

Authors

I am an author on this paper
Click your name to claim this paper and add it to your profile.

Reviews

Primary Rating

4.4
Not enough ratings

Secondary Ratings

Novelty
-
Significance
-
Scientific rigor
-
Rate this paper

Recommended

Article Environmental Sciences

Modeling farmer adaptations to climate change in South America: a micro-behavioral economic perspective

S. Niggol Seo

ENVIRONMENTAL AND ECOLOGICAL STATISTICS (2016)

Article Biology

The Micro-behavioral Framework for Estimating Total Damage of Global Warming on Natural Resource Enterprises with Full Adaptations

S. Niggol Seo

JOURNAL OF AGRICULTURAL BIOLOGICAL AND ENVIRONMENTAL STATISTICS (2016)

Article Environmental Studies

Is Tropical Cyclone Surge, Not Intensity, What Kills So Many People in South Asia?

S. Niggol Seo, Laura A. Bakkensen

WEATHER CLIMATE AND SOCIETY (2017)

Article Biophysics

Adapting to extreme climates: raising animals in hot and arid ecosystems in Australia

S. Niggol Seo

INTERNATIONAL JOURNAL OF BIOMETEOROLOGY (2015)

Article Meteorology & Atmospheric Sciences

Fatalities of neglect: adapt to more intense hurricanes under global warming?

S. Niggol Seo

INTERNATIONAL JOURNAL OF CLIMATOLOGY (2015)

Article Meteorology & Atmospheric Sciences

Coupling climate risks, eco-systems, and anthropogenic decisions using South American and Sub-Saharan farming activities

S. Niggol Seo

METEOROLOGICAL APPLICATIONS (2014)

Article Public Administration

Economic questions on global warming during the Trump years

S. Niggol Seo

JOURNAL OF PUBLIC AFFAIRS (2019)

Article Geography

Beyond the Paris Agreement: Climate change policy negotiations and future directions

S. Niggol Seo

REGIONAL SCIENCE POLICY AND PRACTICE (2017)

Article Public Administration

A theory of global public goods and their provisions

S. Niggol Seo

JOURNAL OF PUBLIC AFFAIRS (2016)

No Data Available