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Evaluating the economic impacts of crop yield change and sea level rise induced by climate change on Taiwan's agricultural sector |
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| Authors: | Ching‐Cheng Chang Chi‐Chung Chen Bruce McCarl |
| Institution: | 1. Institute of Economics, Academia Sinica, Department of Agricultural Economics, National Taiwan University, and APEC Research Center for Typhoon and Society, No. 128, Sec 2, Academia Road, Taipei 115, Taiwan;2. Department of Applied Economics, National Chung‐Hsing University, No. 250, Kuo‐Kuang Road, Taichung 402, Taiwan;3. Department of Agricultural Economics, Texas A&M University, Mail Stop 2124, College Station, TX 77854, USA |
| Abstract: | This article investigates the effects of sea level rise and climate change induced crop yield alterations on Taiwan as well as possible adaptation strategies. For sea level rise of up to 5 meters, as much as 4.9% of total acreage and 16% of rice acreage would be lost. The empirical findings show that the sea level damages range from NT$ 0.84 to 4.10 billion while crop yield losses range from NT$ 1.79 to 2.55 billion. We investigate alternative adaptation strategies finding crop yield technological progress and tariff reduction could significantly mitigate these effects. |
| Keywords: | C61 Q11 Q54 Sea level rise Stochastic agricultural sector model Adaptation strategy |