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    The economic consequences of ENSO events for agriculture

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    Date
    1999
    Author
    Adams, R.
    Chen, Chi Chung
    McCarl, Bruce A.
    Weiher, R.
    Metadata
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    Abstract
    The El Niño-Southern Oscillation (ENSO) phenomenon is believed to be a significant cause of year to year climate variation, which greatly impacts agricultural productivity. The unusually strong El Niño event in 1997-98 and the strong La Niña event that followed in 1998-99 both led to economic consequences for US agriculture. This paper applies a stochastic economic model to estimate the extent of economic damage, deriving predicted losses to be $1.5 to $1.7 billion for El Niño and $2.2 to $6.5 billion for La Niña.
    URI
    http://hdl.handle.net/10919/65308
    Collections
    • Sustainable Agriculture and Natural Resource Management (SANREM) Knowledgebase [4065]

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