Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity

Download or read book Importing Inputs for Climate Change Mitigation: The Case of Agricultural Productivity written by Mr.Rodrigo Garcia-Verdu and published by International Monetary Fund. This book was released on 2019-02-04 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates agricultural total factor productivity (TFP) in 162 countries between 1991 and 2015 and aims to understand sources of cross-country variations in agricultural TFP levels and its growth rates. Two factors affecting agricultural TFP are analyzed in detail – imported intermediate inputs and climate. We first show that these two factors are independently important in explaining agricultural TFP – imported inputs raise agricultural TFP; and higher temperatures and rainfall shortages impede TFP growth, particularly in low-income countries (LICs). We also provide a new evidence that, within LICs, those with a higher import component of intermediate inputs seem to be more shielded from the negative impacts of weather shocks.