This paper estimates a model of a farm
that treats the choice of crops, livestock, and irrigation
as endogenous. The model is composed of a multinomial
choice of farm type, a binomial choice of irrigation, and a
set of conditional land value functions. The model is
estimated across over 2,000 farmers in seven Latin America
countries. The results quantify how farmers adapt their
choice of farm type and irrigation to their local climate.
The results should help governments develop effective
adaptation policies in response to climate change and
improve the forecasting of climate effects. The paper
compares the predicted effects of climate change using both
endogenous and exogenous models of farm choice.
Authors and Publishers
Mendelsohn, Robert
Seo, Niggol
World Bank Group (WB)
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.
Data provider
World Bank Group (WB)
The World Bank is a vital source of financial and technical assistance to developing countries around the world. We are not a bank in the ordinary sense but a unique partnership to reduce poverty and support development.