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