The crucial role of domestic and international market-mediated adaptation to climate change
Climate change effects on agricultural yields will be uneven over the world. A few countries, mostly in high latitudes, may experience gains, while most will see average yield decrease. This paper aims to quantify the role of market-mediated adjustments in attenuating the effects of climate change b...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Elsevier
2021
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| Acceso en línea: | https://hdl.handle.net/10568/142707 |
| _version_ | 1855530311925891072 |
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| author | Gouel, Christophe Laborde Debucquet, David |
| author_browse | Gouel, Christophe Laborde Debucquet, David |
| author_facet | Gouel, Christophe Laborde Debucquet, David |
| author_sort | Gouel, Christophe |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Climate change effects on agricultural yields will be uneven over the world. A few countries, mostly in high latitudes, may experience gains, while most will see average yield decrease. This paper aims to quantify the role of market-mediated adjustments in attenuating the effects of climate change by allowing the expression of the new climate-induced pattern of comparative advantages within and between countries. To do this, we develop a quantitative general equilibrium trade model where the representation of land use choice is inspired from modern Ricardian trade models. We use spatially explicit information from the agronomic literature about potential yields before and after climate change for calibration and counterfactual simulations. The results show that the climate-induced yield changes generate large price movements that incentivize adjustments in production and trade. Both production and trade adjustments contribute to reducing welfare losses globally, with production adjustments making the larger contribution. |
| format | Journal Article |
| id | CGSpace142707 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2021 |
| publishDateRange | 2021 |
| publishDateSort | 2021 |
| publisher | Elsevier |
| publisherStr | Elsevier |
| record_format | dspace |
| spelling | CGSpace1427072025-12-08T10:11:39Z The crucial role of domestic and international market-mediated adaptation to climate change Gouel, Christophe Laborde Debucquet, David models adaptation agriculture crop production trade land use international trade climate change Climate change effects on agricultural yields will be uneven over the world. A few countries, mostly in high latitudes, may experience gains, while most will see average yield decrease. This paper aims to quantify the role of market-mediated adjustments in attenuating the effects of climate change by allowing the expression of the new climate-induced pattern of comparative advantages within and between countries. To do this, we develop a quantitative general equilibrium trade model where the representation of land use choice is inspired from modern Ricardian trade models. We use spatially explicit information from the agronomic literature about potential yields before and after climate change for calibration and counterfactual simulations. The results show that the climate-induced yield changes generate large price movements that incentivize adjustments in production and trade. Both production and trade adjustments contribute to reducing welfare losses globally, with production adjustments making the larger contribution. 2021-03-01 2024-05-22T12:10:54Z 2024-05-22T12:10:54Z Journal Article https://hdl.handle.net/10568/142707 en Open Access Elsevier Gouel, Christophe; and Laborde Debucquet, David. 2021. The crucial role of domestic and international market-mediated adaptation to climate change. Journal of Environmental Economics and Management 106(March 2021): 102408. https://doi.org/10.1016/j.jeem.2020.102408 |
| spellingShingle | models adaptation agriculture crop production trade land use international trade climate change Gouel, Christophe Laborde Debucquet, David The crucial role of domestic and international market-mediated adaptation to climate change |
| title | The crucial role of domestic and international market-mediated adaptation to climate change |
| title_full | The crucial role of domestic and international market-mediated adaptation to climate change |
| title_fullStr | The crucial role of domestic and international market-mediated adaptation to climate change |
| title_full_unstemmed | The crucial role of domestic and international market-mediated adaptation to climate change |
| title_short | The crucial role of domestic and international market-mediated adaptation to climate change |
| title_sort | crucial role of domestic and international market mediated adaptation to climate change |
| topic | models adaptation agriculture crop production trade land use international trade climate change |
| url | https://hdl.handle.net/10568/142707 |
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