Distributional implications of climate change in rural India : a general equilibrium approach

• Autores: Jacoby, Hanan G.; Rabassa, Mariano; Skoufias, Emmanuel
• Año de publicación: 2015
• Idioma: inglés
• Tipo de recurso: artículo
• Fuente: American Journal of Agricultural Economics. Vol.97, No.4, 2015
• Materia: AGRICULTURA; CALENTAMIENTO GLOBAL; ZONAS RURALES; CAMBIO CLIMATICO; COMERCIO
• Institución: Pontificia Universidad Católica Argentina

Fil: Jacoby, Hanan G. World Bank; Estados Unidos
Fil: Rabassa, Mariano. Pontificia Universidad Católica Argentina. Facultad de Ciencias Económicas. Departamento de Investigación Francisco Valsecchi; Argentina
Fil: Rabassa, Mariano. Consejo Nacional de Investigaciones Científicas y Técnicas; Argentina
Fil: Skoufias, Emmanuel. World Bank; Estados Unidos
Abstract: We develop a general equilibrium framework, based on a specific-factors trade model, to quantify the medium-term household welfare impacts of global warming in rural India. Using an hedonic approach grounded in the theory combined with detailed microdata, we estimate that three decades of warming will reduce agricultural productivity in the range of 7%–13%, with the arid northwest of India especially hard hit. Our analysis shows that the proportional welfare cost of climate change is likely to be both modest and evenly distributed across percentiles of the per capita income distribution, but this latter conclusion emerges only when the flexibility of rural wages is taken into account.