Table 1. Summary of impact models... | Emerald Publishing

Table 1.

Summary of impact models

Approach	Independent variable	Main use or result	Scale
Crop simulation	Yield simulation	Farming strategies to optimize yields	Farm level
Ricardian	Impact on land value	Land value pricing, sensibility to each component	Department/county level
Statistical
Macroeconomic	Impact on gross domestic product or other macro variables	Aggregate effect of climate over macro variables	Unscaled, macrofinance level
Structural	Impact on yields, sensibility analysis	Sensibility of each component	Department or county level
Empirical time series variability	Yield deviations	Detrended event analysis; provision of the difference by year	National/regional/department/county level

Approach	Independent variable	Main use or result	Scale
Crop simulation	Yield simulation	Farming strategies to optimize yields	Farm level
Ricardian	Impact on land value	Land value pricing, sensibility to each component	Department/county level
Statistical
Macroeconomic	Impact on gross domestic product or other macro variables	Aggregate effect of climate over macro variables	Unscaled, macrofinance level
Structural	Impact on yields, sensibility analysis	Sensibility of each component	Department or county level
Empirical time series variability	Yield deviations	Detrended event analysis; provision of the difference by year	National/regional/department/county level

Source: Authors’ elaboration from the literature review