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This paper presents an application of Ricardian approach to assess the impact of climate change on farmland values in Nepal. The Ricardian approach is estimated using a panel fixed effects model. The results are tested with two models that account for spatial effects: a spatial lag model and a spatial error model. The findings reveal that Nepalese farmlands are sensitive to climate change. This result is consistent in both the spatial and non-spatial analysis.

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Oct 29th, 12:00 AM

Assessing the impact of climate change on farmland values in Nepal: A Ricardian approach

This paper presents an application of Ricardian approach to assess the impact of climate change on farmland values in Nepal. The Ricardian approach is estimated using a panel fixed effects model. The results are tested with two models that account for spatial effects: a spatial lag model and a spatial error model. The findings reveal that Nepalese farmlands are sensitive to climate change. This result is consistent in both the spatial and non-spatial analysis.