Impact of climate change on corn production in the U.S.: evidence from panel study

• Lee, Jaehyuk ^[1] ; Durmaz, Nazif ^[2]
  1. [1] Georgia Southern University

     Georgia Southern University

     Estados Unidos

     
  2. [2] University of Houston Victoria

     University of Houston Victoria

     Estados Unidos

     
• Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 16, Nº. 1, 2016, págs. 93-104
• Idioma: inglés
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• Resumen

  • 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