Campus Units

Economics, Center for Agricultural and Rural Development

Document Type

Conference Proceeding

Publication Version

Published Version

Publication Date

2016

Conference Title

2016 Agricultural & Applied Economics Association Annual Meeting

Conference Date

July 31-August 2, 2016

City

Boston, MA, United States

Abstract

This paper provides the first estimates of the effects of climate change on agriculture while explicitly modeling tile drainage. We show in a simple conceptual model that the value of precipitation should differ between drained and non-drained land, implying that pooling these lands could bias estimates of the effects of climate change on land values. We test this hypothesis by estimating a Structural Ricardian model for U.S. counties east of the 100th meridian. Consistent with our theoretical model, our estimates show that the value of precipitation is higher on non-drained lands.

JEL Classification

Q10, Q15, Q51, Q54

Comments

This is a Selected Paper for presentation at the 2016 Agricultural & Applied Economics Association Annual Meeting, Boston, Massachusetts, July 31-August 2.

Rights

Copyright 2016 by Meyer and Keiser. All rights reserved. Readers may make verbatim copies of this document for non-commercial purposes by any means, provided this copyright notice appears on all such copies.

Copyright Owner

Meyer and Keiser

Language

en

File Format

application/pdf

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Article Location

 
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