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Accounting for externalities in cross-sectional economic models of climate change impacts
حسابداری برای اثرات خارجی در مدل های اقتصادی مقطعی از اثرات تغییرات اقلیمی-2021 Environmental effects and natural resources depletion associated with agriculture production affect the agri-
culture response to climate change. Traditional cross-sectional climate response models ignore this requirement.
This research estimates the impact of climate on European agriculture using a continental scale Ricardian
analysis. We correct farm income by accounting for resources (energy, fertilisers, pesticides, and water) use
intensity and calculate the sustainable value for a sample of 9497 specialized field crop farms. Compared with
the traditional Ricardian method, the marginal effects of temperature remain positive (but less positive) in
Northern countries, while it leads to less damages in Southern countries when net revenue and farms’ sustainable
values are used as dependent variables. Accounting for the environmental effects and depletion of natural capital
improves the ability of the Ricardian method to estimate agriculture climate response functions in the long run. keywords: تجزیه و تحلیل ریکاردی | ارزش پایدار | تغییرات اقلیمی | مدل مقطعی | عوارض جانبی | کاهش منابع | Ricardian analysis | Sustainable value | Climate change | Cross-sectional model | Externalities | Resources depletion |
مقاله انگلیسی |