Zidong Wang edited Paper Replication for "The Economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Reply".tex  almost 8 years ago

Commit id: 1d4ddd97f1241a8dc98a478dd160355950ba72dc

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The paper I replicated is "The economic Impacts of Climate Change: Evidence from Agricultural Output and Random Fluctuations in Weather: Reply" by \citet{Desch_nes_2012} (hereafter, DG2012). This is a reply to the comment from \citet{Fisher_2012} (hereafter, FHRS) to the original paper in 2007 \cite{Desch_nes_2007} (hereafter, DG2007). \\  All three papers mentioned above followed the debate of the impact of climate change on U.S. agriculture starting from the first hedonic paper by \citet{a827bf}. Arguing that the traditional hedonic approach suffered from omitted variable issues, DG2007 proposed the fixed effect approach with panel data on land profitability and DG2012 corrected and re-presented their results addressing for the data and methodology issues as pointed out by FHRS.  \section{Short Summary}  The papers mentioned above all follows the debate of \section{Introduction}  This topic is controversial due to the fact that perfect information we need to unveil the true relationship between climate change and agriculture is far beyond availability in reality. In the other word, the ideal research design for this question goes a little bit beyond than saying we want to manipulate the weather and observe the corresponding profit changes.  \begin{itemize}  \item It is not easy to find the correct and comprehensive climate/weather covariates conveying  the impact of climate change on U.S. agriculture starting from the first hedonic paper by Mendelsohn_1994\cite{a827bf}. Arguing that agriculture. Temperature and precipitation are the most commonly used and easy-to-get data. But climate change also impacts agricultural productivities in other ways such as altering  the traditional hedonic approach suffered from omitted variable issues, DG2007 proposed the fixed effect approach with panel data frequency of extreme weather events such as drought.   \item There has been debates  on land profitability. the usage of agricultural yields v.s. profits for the impact analysis.   \end{itemize}