A Review of Literature in Applying the Ricardian Model to Analyse Economic Impact of Climate Change on Agriculture
This literature review is based on the studies used on the Ricardian model to analyse the impact of climate change on agriculture. The model was named after David Ricardo (1772–1823) because of his original observation that the value of land would reflect its net productivity. Climate change results in long-term resource shortages such as water, worsening soil conditions, disease and pest outbreaks on crops and livestock etc. The importance of the method is its ability to measure long term impact from climate change including each farmer’s ability to adapt. However, no approach is holistic or free of admonitions. There are two lines of research on the Ricardian Method which can commonly be distinguished: the coupling of approaches into hybrid models and the sporadic imposition of more detailed structure on existing approaches. The review is mainly on journal articles published in the peer-reviewed scientific journals. The main focus is to review the existing literature in applying the Ricardian model to investigate the economic impact of climate change on agriculture. It is also for the purposes of identifying the relevant focal points for future studies aiming to provide a deeper understanding of the underlying concerns. The bibliographical search was undertaken using specialised research databases and relevant websites concerning the economic impact of climate change on agriculture. The databases were accessed via the postgraduate library at the University of Colombo. The study carried out a marginal impact analysis of increasing temperature and changing precipitation and rainfall across different seasons. It examined the impact of uniform climate scenarios on farmers’ net revenue per hectare. The results indicate that tropical countries are more sensitive to predicted climate changes in the 21st century. The cooler countries have quite a beneficial impact for the agricultural productivity. In general, small household farms and large commercial farms in tropical countries are highly vulnerable to temperature increases and changes in rainfall which would eventually impact on the livelihood of farmers
Year of publication: |
[2021]
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Authors: | V, Upananda ; H K I P, Abeysinghe |
Publisher: |
[S.l.] : SSRN |
Subject: | Klimawandel | Climate change | Agrarproduktion | Agricultural production | Landwirtschaft | Agriculture | Theorie | Theory |
Description of contents: | Abstract [papers.ssrn.com] |
Saved in:
Extent: | 1 Online-Ressource |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments March 21, 2021 erstellt Volltext nicht verfügbar |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013238577
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