A Ricardian model of climate change in Canada

A comparative static 'Ricardian' model is used to establish relationships between climate and agricultural land value in Canada. From these relationships, agricultural costs of climate change scenarios are estimated. This study is motivated partly by evidence of potential agricultural, benefits of climate change from a similar analysis of the United States by Mendelsohn, Nordhaus and Shaw, and partly by the void of Canadian studies. Furthermore, it extends the analysis to non-uniform climate change scenarios. Its finding of a slightly positive upper bound on the agricultural benefits from climate change, within a wide margin of error, is motivation for further analysis.