극한기후 변수가 농업에 미친 영향에 대한 리카디언 분석
An Analysis of the Impact of Extreme Climate Events on Agriculture in Korea
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This paper analyses the impact of extreme climate events’annual variation in temperature and precipitation on agricultural land values with a panel data of 49 municipalities for 1992-2010 based upon a Ricardian approach in order to consider the short and long-term impacts of climate change. The estimates indicate that heavy rainfall-related extreme climate events negatively affect agricultural land values. However, summer-related extreme events in temperature are negatively related to agricultural land values, while winter-related ones in temperature have a positive impact on them except for extreme cold wave in the daytime. This result confirms that temperature-related variables are more significant than precipitation-related ones in explaining and measuring the economic effect of global warming and extreme climate events on agriculture in Korea.
Abstract
This paper analyses the impact of extreme climate events’annual variation in temperature and precipitation on agricultural land values with a panel data of 49 municipalities for 1992-2010 based upon a Ricardian approach in order to consider the short and long-term impacts of climate change. The estimates indicate that heavy rainfall-related extreme climate events negatively affect agricultural land values. However, summer-related extreme events in temperature are negatively related to agricultural land values, while winter-related ones in temperature have a positive impact on them except for extreme cold wave in the daytime. This result confirms that temperature-related variables are more significant than precipitation-related ones in explaining and measuring the economic effect of global warming and extreme climate events on agriculture in Korea.
참고문헌 (21)
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