Di Falco, Salvatore. 2014. “Adaptation to climate change in Sub-Saharan agriculture: assessing the evidence and rethinking the drivers.” European Review of Agricultural Economics 41:3: 405-430.
Download reference Doi: 10.1093/erae/jbu014
In this paper, after a review of the evolution of the literature on climate change economics in agriculture, I present some evidence of the impact of different moments of the distribution of rainfall on farmers risk aversion.
It is found that while more rainfall is negatively associated with the probability of observing risk aversion, rainfall variability is positively correlated. This result highlights an important behavioural dimension of climatic factors.