The low-income households in the South Asian countries are highly sensitive to climate-intensive sectors like agriculture, mainly due to the negative impact of climate change on the food production system as a whole. Climate-induced supply shortfalls in agriculture, and consequent food price shocks may adversely affect consumption in these households. The tension between economic development, climate change, and agricultural production offers a challenging research question not dealt with in recent studies for India. We explore the effect of climate change on farmland value and use a counterfactual measure of the farm revenue on rural consumption expenditure. We found a discerning impact of the climate change on the net revenue and well-being of the rural people. A theoretical exercise generalizes the empirical findings.
CITATION STYLE
Heshmati, A., Maasoumi, E., & Wan, G. (2015). Poverty Reduction Policies and Practices in Developing Asia. Economic Studies in Inequality, Social Exclusion and Well-Being (pp. 55–76).
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