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Assessment of the expected impacts from climate change is an essential input for agencies engaged in fostering adaptation of local social-ecological systems. However, data is seldom available at the required scale. This study overcomes this hurdle by gathering data via an expert elicitation protocol. We report experts' judgements about two topics: i) the impacts from climate change on crop yields...
In this article, we extend the traditional GARCH(1,1) model by including a functional trend term in the conditional volatility of a time series. We derive the main properties of the model and apply it to all agricultural commodities in the Mexican CPI basket, as well as to the international prices of maize, wheat, swine, poultry, and beef products for three different time periods that implied changes...
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