Weather shocks and inter-hemispheric supply responses: Implications for climate change effects on global food markets

Climate Change Economics

Volumn 5, Issue 4, 2014, Pages

  Lybbert, Travis J ^a   Smith, Aaron ^a   Sumner, Daniel A ^a  

^a UNIVERSITY OF CALIFORNIA   (United States)

Author keywords

agriculture; Climate change; extreme weather; food; international trade

Indexed keywords

EID: 84971256962     PISSN: 20100078     EISSN: 20100086     Source Type: Journal    
DOI: 10.1142/S2010007814500109     Document Type: Article

References (14)

1. Adjemian, MK and A Smith (2012). Using USDA forecasts to estimate the price flexibility of demand for agricultural commodities. American Journal of Agricultural Economics, 94(4), 978-995.
2. Antle, JM and SM Capalbo (2001). Econometric-process models for integrated assessment of agricultural production systems. American Journal of Agricultural Economics, 83(2), 389-401.
3. Hendricks, NP, A Smith and DA Sumner (2014). Crop supply dynamics and the illusion of partial adjustment. American Journal of Agricultural Economics, 96(5), 1469-1491.
4. McCarthy, JJ, OF Canziani, NA Leary, DJ Dokken and KS White (2001). Impacts, Adaptation, and Vulnerability (Published for the Intergovernmental Panel on Climate Change). New York: Cambridge University Press.
5. Nelson, GC, MW Rosegrant, A Palazzo, I Gray, C Ingersoll, R Robertson, S Tokgoz, T Zhu, T Sulser, C Ringler, S Msangi and LYou (2010). Food security, farming, and climate change to 2050: Scenarios, results, policy options. IFPRI Report, IFPRI, Washington DC.
6. New York Times (2013). Climate change seen posing risk to food supplies. November 1.
7. Roberts, MJ and W Schlenker (2013). Identifying supply and demand elasticities of agricultural commodities: Implications for the US ethanol mandate. American Economic Review, 103(6), 2265-2295.
8. Robinson, S, H van Meijl, D Willenbockel, H Valin, S Fujimori, T Masui, R Sands, M Wise, K Calvin, P Havlik, DM dCroz, A Tabeau, A Kavallari, C Schmitz, JP Dietrich and M von Lampe (2014). Comparing supply-side specifications in models of global agriculture and the food system. Agricultural Economics, 45, 21-35.
9. Seneviratne, SI et al. (2012). Changes in climate extremes and their impacts on the natural physical environment. IPCC Special Report on Extreme Events and Disasters (SREX), World Meteorological Organization, Geneva, Switzerland, Ch. 3, pp. 109-230.
10. Sumner, DA, DG Hallstrom and H Lee (1998). Trade policy and the effects of climate forecasts on agricultural markets. American Journal of Agricultural Economics, 80(5), 1102-1108.
11. Torero, M (2011). Food prices: Riding the rollercoaster. Global Food Policy Report, IFPRI, Washington DC.
12. von Lampe, M, D Willenbockel, H Ahammad, E Blanc, Y Cai, K Calvin, S Fujimori, T Hasegawa, P Havlik, E Heyhoe, P Kyle, H Lotze-Campen, DM dCroz, GC Nelson, RD Sands, C Schmitz, A Tabeau, H Valin, D van der Mensbrugghe and H van Meijl (2014). Why do global long-Term scenarios for agriculture differ? An overview of the AgMIP Global Economic Model Intercomparison. Agricultural Economics, 45, 3-20.
13. Wheeler, T and J von Braun (2013). Climate change impacts on global food security. Science, 341(6145), 508-513.
14. Willenbockel, D (2012). Extreme weather events and crop price spikes in a changing climate: Illustrative global simulation scenarios. Oxfam Research Report.