Chang, Ching-ChengChing-ChengChangChen, Chi-ChungChi-ChungChen2010-04-262018-06-292010-04-262018-06-292005http://ntur.lib.ntu.edu.tw//handle/246246/178198This study examines the impact of weather on the yields of seven major crops in Taiwan based on pooled panel data for 15 prefectures over the 1977-1996 period. The unit root tests and maximum likelihood methods involving a panel data model are explored to obtain reliable estimates. The uncertain yield outcome is incorporated into a discrete stochastic programming model to address a comparison between sector analysis with and without considerations of a crop insurance policy under different climate change scenarios. Simulation results suggest that crop insurance may stabilize revenues and protect farmers from exposures to increasing weather-related risk.application/pdf116160 bytesapplication/pdfen-USCrop insurance; Panel data; Stochastic programming; Unit root test; Weather; Yield response[SDGs]SDG13crop yield; distribution system; maximum likelihood analysis; stochasticity; weather; Asia; Eurasia; Far East; Taiwanjournal article10.1111/j.1574-0864.2005.00097.xhttp://ntur.lib.ntu.edu.tw/bitstream/246246/178198/1/19.pdf