Abstract
This paper determines the impact of climate change on corn production using a county-level panel data from the Corn-Belt States. The estimates of elasticity of corn production with respect to temperature and precipitation are -8.602 and 15.329, respectively. The drought indices, PDSI and CMI, if the drought condition improves one unit, the corn production increases by about 2% and 10% respectively that is equivalent to about 3 and14 bushels per acre. Our simulation results indicate that such an increase will result in a decrease in corn production by about 15 to 90 bushels per acre by 2100.
| Original language | English |
|---|---|
| Pages (from-to) | 93-104 |
| Number of pages | 12 |
| Journal | Applied Econometrics and International Development |
| Volume | 16 |
| Issue number | 1 |
| State | Published - 2016 |
Scopus Subject Areas
- Development
- Finance
- Economics and Econometrics
- Political Science and International Relations
Keywords
- Climate change
- Corn production
- Crop Moisture Index (CMI)
- Drought index
- The Palmer Drought Severity Index (PDSI)
