1201 Eye St NW
Washington, DC 20005
Institutional Affiliation: IFPRI
Information about this author at RePEc
NBER Working Papers and Publications
|November 2018||The Crucial Role of International Trade in Adaptation to Climate Change|
with Christophe Gouel: w25221
Climate change effects on agricultural yields will be uneven over the world with a few countries, mostly in high latitudes, that may experience gains, while most will see average yield decrease. This paper aims at quantifying the role of international trade in attenuating the effects of climate change by allowing the expression of the new climate-induced pattern of comparative advantages. To do this, we develop a quantitative general equilibrium trade model where the representation of acreage and land use choices is inspired from modern Ricardian trade models but also consistent with theoretical and empirical literature on land use choices. The model is calibrated on spatially explicit information about potential yields before and after climate change coming from the agronomic literature. ...