Weather effects on European agricultural output, 1850 1913
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Publication Date
1999-12Journal Title
European Review of Economic History
Series
Cambridge Working Papers in Economics
Publisher
Faculty of Economics
Language
en_GB
Type
Working Paper
Metadata
Show full item recordCitation
Solomou, S., & Wu, W. (1999). Weather effects on European agricultural output, 1850 1913. European Review of Economic History https://doi.org/10.17863/CAM.5201
Abstract
This paper compares the effects of weather shocks on agricultural production in Britain, France and Germany during the late nineteenth century. Using semi- parametric models to estimate the non-linear agro-weather relationship, we find that weather shocks explain between one and two-thirds of variations in agricultural production. Given the large size of the agricultural sector during this period, the high variance of agricultural production and the cyclical nature of weather shocks, the agro-weather relationship transmitted large effects on macroeconomic fluctuations over much of the period.
Keywords
Weather effects, economic history, economic fluctuations, semi- parametric methods, Classification-JEL: C14, C32, Q10, N54, agriculture
Identifiers
External DOI: https://doi.org/10.17863/CAM.5201
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