The Agricultural Value of Information on the North Atlantic Oscillation: Yield and Economic Effects
Document Type
Article
Journal/Book Title/Conference
Climate Change
Volume
71
Issue
2012-01-02
Publication Date
2005
First Page
117
Last Page
139
Abstract
The North Atlantic oscillation is associated with altered climatic conditions in the United States and Europe. Climate in key agricultural areas is affected. A historically based statistical analysis of crop yield finds that the NAO effect on yields is basically as large as the crop yield implications from the El Niño/Southern oscillation phenomena. In turn an estimate of the potential welfare gains that could be achieved through early NAO phase announcements and subsequent crop mix, storage and consumption adjustments ranges from 600 million to 1.2 billion dollars a year.
Recommended Citation
Kim, M-K., and B.A. McCarl (2005) “The Agricultural Value of Information on the North Atlantic Oscillation: Yield and Economic Effects.” Climatic Change 71(1-2):117-139
