Publication Date:
2014-07-03
Description:
In this paper, after a review of the evolution of the literature on climate change economics in agriculture, I present some evidence of the impact of different moments of the distribution of rainfall on farmers risk aversion. It is found that while more rainfall is negatively associated with the probability of observing risk aversion, rainfall variability is positively correlated. This result highlights an important behavioural dimension of climatic factors.
Keywords:
Q54 - Climate
;
Natural Disasters
;
Global Warming, Q56 - Environment and Development
;
Environment and Trade
;
Sustainability
;
Environmental Accounting
Print ISSN:
0165-1587
Electronic ISSN:
1464-3618
Topics:
Agriculture, Forestry, Horticulture, Fishery, Domestic Science, Nutrition
,
Economics