An attempt to assess the impact of climate change on the agricultural sector in FYR Macedonia using an aridity index approach
Considering the scale of global warming, we make an attempt to assess theimpact of climate change on Macedonian agriculture. Farmers’ adaptation is taken into account by using an alternative specification of the Ricardian model based on the use of aridity indices to capture the non-linear response of farmland values to temperature and precipitation. Econometric results indicate that winter and spr