Are Soybean Yields Getting a Free Ride from Climate Change? Evidence from Argentine Time Series Data

: We analyze the inﬂuence of climate change on soybean yields in a multivariate time-series framework for a major soybean producer and exporter—Argentina. Long-run relationships are found in partial systems involving climatic, technological, and economic factors. Automatic model selection simpliﬁes dynamic speciﬁcation for a model of soybean yields and permits encompassing tests of different economic hypotheses. Soybean yields adjust to disequilibria that reﬂect technological improvements to seed and crops practices. Climatic effects include (a) a positive effect from increased CO 2 concentrations, which may capture accelerated photosynthesis, and (b) a negative effect from high local temperatures, which could increase with continued global warming.


Introduction
The effects of climate change on agriculture have been widely studied due to its strong dependence on climatic variables and the international concern regarding future global food production as outlined in the Stern review (Stern 2007). However, as Nordhaus (2013) suggests (based on the IPCC 4th Assessment Report), it is especially in the agricultural sector where the adaptation and mitigation processes have been taking place. Such processes are mainly driven by technological developments or management changes such as crop displacement, replacing those most affected by global warming with "modest warming" areas.
One important mitigating factor for agriculture comes from the so-called carbon fertilization effect. CO 2 concentrations could have an important beneficial effect on crop yields due to their fertilizer properties as they increase the rate of photosynthesis in plants. According to Nordhaus (2013), multiple field studies found that doubling CO 2 atmospheric concentrations would increase rice, wheat and soybean yields by 10-15 percent. For the case of Argentina, the third largest soybean producer and exporter worldwide, Magrin et al. (2005) found, using agronomic models, a 38% change in yields corresponding to climate change between 1930-60 and 1970-2000. In this paper, we econometrically study the long-run determinants of soybean yields in Argentina in order to understand and measure the effect of global climate change, including in particular the mitigating effects of CO 2 concentrations. We address CO 2 fertilization by considering the global CO 2 concentration 1 given its long-lasting and rather uniformly distributed effects.
Furthermore, we took into account other potential determinants of crop yields suggested in the literature, e.g., variables reflecting technological developments and economic factors such as output and input prices. To achieve this goal, we first followed a partial system approach that has several advantages. It allowed us to take into account many potential determinants of soybean yield, to deal with collinearities when variables show trending behavior 2 and also to evaluate their exogeneity when there could be feedbacks among the variables included in the models. Thus, we separately estimated long-run relationships due to climate, technological and economic factors. Then, we used an automatic selection algorithm, Autometrics, 3 to evaluate the encompassing of the deviations from the long-run equilibrium obtained from the different partial systems.
Our findings provide evidence that soybean yields in the long run are mainly dominated by technology innovations variables, such as the evolution of no-till adoption and the incorporation of new seeds. However, we found that crop yields are affected by climate variables in the short run. Carbon fertilization has a positive and significant short-run effect, while local high temperatures during the plant growing season negatively affect yields.
This paper is organized as follows. Section 2 discusses different approaches to modeling crop yields that have been analyzed by a wide body of literature. Section 3 describes our data. Section 4 explains the econometric methodology. Section 5 presents and discusses our main results. The last section includes our final remarks.

Different Approaches to Modeling Crop Yields
Awareness of global warming has sparked renewed interest in studying the effects of climatic variables on the agricultural sector over the last decade. The assessment of climate change effects on crop yields and production has been a multidisciplinary topic. Economists, agronomists, meteorologists and other scientists have been intensively studying the subject. Each discipline has brought a distinctive approach to modeling agriculture.
In contrast to econometric studies, many of the agronomic analyses focus on estimating the effect of climate on crop yields using models based on controlled experiments that require greater knowledge of the plant physiology, climate conditions and soil properties. However, those studies only incorporate physical aspects of potential yield and typically do not consider technological and global factors.
Crop simulation models are also widely used in agronomy and meteorology to predict the future behavior of crop production and yields due to global and local climate changes. Several other agronomic studies have modeled the effects of climate change on a wide variety of crops and areas throughout the world, but at a micro (states or counties) level. Empirical research shows mixed evidence of the negative effect of climate changes on crop yields because there would be several factors that have partially reduced the harmful consequences of climate change. Adaptation, trade, the declining share over time of agriculture in the economy and, relevant to our study, the mitigating carbon fertilization affect (see Nordhaus 2013). Lobell and Burke (2010) summarized the sources of divergence among different estimated models to obtain a more robust picture. They concluded that statistical models, compared with process-based models, play an important role in anticipating the future impacts of climate change.
For a county-level panel, Chen et al. (2013) estimated the effects of climate change on corn and soybean yields in China. The authors found non-linearities and asymmetric relationships between yields and weather variables as suggested in the literature (Schlenker and Roberts 2009). They found that extreme high temperatures are always harmful to crop growth. Lobell et al. (2011) studied how the change in climate trends influenced the yield of four major crops between 1980 and 2008. The authors found that corn and wheat yields showed adverse effects for the largest producers. The net impact on rice and soybean production was insignificant, with gains in some countries that balanced the losses of others. Most of the impacts were due to changes in temperature trends and not precipitation.
These results are consistent with many recent studies in which changes in temperature are more important than changes in rainfall, at least at the national and regional levels (Reilly and Schimmelpfennig 2000;Schlenker and Lobell 2010). Crop yield losses on the hottest days drive much of the effect of temperature (Schlenker and Roberts 2009). Furthermore, crops are more sensitive to extremely high temperatures, in particular during the plant growth stage (Auffhammer et al. 2012;Welch et al. 2010). Burke and Emerick (2016) found that US corn and soybeans are significantly and negatively affected by long-term changes in extremely high temperatures. Changes in short-term temperature extremes can be critical, especially if they coincide with the growth stage for many crops (Wheeler et al. 2000).
As stated by Auffhammer and Schlenker (2014), one of the greatest challenges in empirical analyses is the identification of adaptation responses to changes in climatic conditions. Many of the previous studies have focused on assessing the effect of climate variables on crop yields without controlling for other potential determinants. Empirical studies should not ignore or underestimate the effects of adaptation measures as a means to compensate for the adverse effects of climate change. Several adaptation measures, such as shifting planting dates or developing new crop varieties, have also been suggested and implemented to reduce vulnerability to the potential negative impacts of climate change (Cohn et al. 2016;Lobell et al. 2008).
Another body of literature analyzes the responsiveness of crop yields to price variations, that is, the estimation of the (positive) own-price and the (negative) input price elasticities. Expected crop prices may influence crop management practices, which are often difficult to measure. Changes in input and output prices affect incentives for the substitution of acres among crops or in agricultural land expansion. The sensitivity of crop yields to their own prices is an old empirical question (see Choi and Helmberger 1993;Houck and Gallagher 1976). More recently, Lobell et al. (2009) andMiao et al. (2015) discussed and empirically considered the price responsiveness of crop yields. Using a large panel dataset for the 1977-2007 period and controlling for the endogeneity of crop yields, 4 Miao et al. (2015) found that, in the US, price increase has a statistically significant positive impact on corn, but not on soybean yields.
In this line, our econometric approach tries to encompass different groups of drivers that affect crop yields apart from climate change, as shown in Figure 1. We consider that soybean yields can be simultaneously influenced by climatic, technological and economic factors.

Data Description
Our dataset consists of annual series from 1971 to 2015 (T = 45). The initial sample period resulted from two factors: (1) data availability, and (2) the emergence of soybeans as a relevant crop to Argentina by the early 70s. Table 1 reports the variables' descriptions and sources.
Demand for oilseeds, and particularly soybeans, has rapidly increased over the last decades. It is one of the world's most valuable crops, not only because of its use as oil seed but also as a high-protein meal for animal and human consumption, as well as a source for biofuel production. In Argentina, the third largest producer of soybeans worldwide, its production increased by 2.5% annually from 1971 to 2015. Average soybean yield (measured as kilogram per hectare, kg/ha) increased from 1624 kg/ha in 1971 to 3175 kg/ha in 2015. During the sample period, climate changes and technological advances shifted the main production area to the north, to warmer latitudes.

Climate Variables
Several global and local climate variables are considered in the analysis. One of the best predictors for soybean yield is a measure of extreme heat during growth periods considering a temperature threshold above 30 • C in the US Schlenker and Roberts (2009). Using daily data on maximum temperature from 54 meteorological stations from the soybean production area, we created different variables that measure the number of days in a year during the crop growth stage (from December to April) in which the temperature exceeded a threshold of 28, 29, 30 or 31 • C. We evaluated which of these different thresholds has a significant impact on Argentine soybean yields as detailed in the next section. The maximum temperature from each meteorological station was weighted by its share in the total soybean planted area. Such weights were annually updated to account for the displacement of crop areas over time. 5 Another weather influence on crop yields is precipitation. Unfavorable weather conditions during the plant growing season may threaten soybean yields. We used the daily precipitation data from the same meteorological stations from the soybean production area, as described above, to evaluate different measures of excess or lack of precipitation. We restricted our analysis to the stages in which the plant reaches the full pod stage and the seed development begins. We include: the coefficient of variation (CV), the precipitation concentration index (PCI), the rainfall Gini index (RGI), the absolute deviations with respect to the historical mean (AD), the AD plus and minus one standard error (AD1SE), and the AD plus and minus two standard errors (AD2SE).
Additionally, El Niño and La Niña phenomena in the Pacific Ocean were identified through the Southern Oscillation Index (SOI), which is calculated using the pressure differences between Tahiti and Darwin. Sustained negatives values of SOI below −7 indicate El Niño episodes, while sustained positives values of SOI above +7 indicate La Niña episodes (see Figure 2). El Niño and La Niña phenomena are respectively associated with floods and droughts in southeastern South America. We also considered a global warming measure: the global temperature anomalies computed from land and ocean data as the temperature differences (in • C) relative to the 1951-1980 base period means reported by the GISTEMP team of the Carbon Dioxide Information Analysis Center (CDIAC). During our sample period, the global temperature anomalies showed a steady increase from a minimum of −0.81 • C in 1974 to a maximum of 0.86 • C by 2015. Global temperatures can have other long-run negative effects on crops, such as the development of plagues and pests, which are difficult to measure.
Carbon dioxide (CO 2 ) levels in the atmosphere produced by increasing anthropogenic emissions may have positive effects on plant growth, as plants use carbon dioxide in photosynthesis. Carbon fertilization has a greater effect on plants with C4 and C3 photosynthesis systems (such as corn and soybeans, respectively), which can concentrate carbon dioxide in reaction sites. However, this effect may not take place as nutrient levels, soil moisture, water availability and other conditions must also be met. The simulation study of Gray et al. (2016) found that the intensification of drought eliminates the potential benefits of elevated dioxide for soybeans. Figure 3 shows the evolution of soybean yields, global temperature anomalies and the global CO 2 concentration on the surface during the analyzed period.

Other Potential Determinants of Soybean Yields
To control for other determinants, we also considered the consumption of different fertilizers. Soybean plants usually require large amounts of phosphorus (P 2 O 5 ) and potassium (K 2 O) and, to a lesser extent, nitrogen (N). In order to have an aggregate measure of fertilizer use and to control for the fertilizers' high collinearities (Figure 4), we have conducted a principal component analysis among the consumption of these three fertilizers and obtained the first principal component accounting for 96.94% of data variability that was then incorporated into our models. To assess the effect of changes in management practices, we included the evolution of no till practices, which has rapidly gained ground in Argentina as an effective solution to soil erosion problem.
The use of new modified seeds was also considered in our analysis through the number of soybean varieties registered in the United States, Brazil and Argentina (the world's three largest soybean producers). This variable intends to capture the knowledge transfer across the three leading countries in soybean production from the adoption of genetically modified (GM) crops. Commercially grown GM soybeans are concentrated in those three countries. Figure 4 shows the marked trend for many of the technological variables. Other input factors, such as agricultural and irrigated land, machinery use and agricultural labor, were included, but were not statistically significant.
Finally, our dataset also includes prices to address the elasticity of soybean yield response with respect to output and input prices (such as fertilizers prices or agricultural land prices).

Econometric Methodology
In order to study the effects of many potential crop-yield drivers, we adopted a cointegration approach working with partial systems that allowed us to deal with dimensionality, collinearities and endogeneity issues.
This methodology was first implemented by Juselius (1992), Brouwerde Brouwer and Ericsson (1998) and Hendry (2001) to model inflation considering the complicated relationships in different markets. From the estimation of separated systems, different equilibrium relationships were obtained and their deviations were used to explain inflation dynamics. In our case, this approach can be fruitful to estimate crop yields using the three kinds of models shown in Figure 1: climate, technological and economic systems. By estimating three different systems, we used a multivariate cointegration approach to model the long-run behavior of soybean yields.
A great advantage of this approach is "the invariance of the cointegration property to extensions of the information set. This means that if cointegration is found between a set of variables, this cointegration result will remain valid if more variables are added to the analysis" (Juselius 2006, p. 349). This specific to general strategy helps identify and interpret long-run structure with plausible equilibrium correction coefficients in the case of multivariate cointegration, particularly when the sample is relatively short.
The cointegrated systems also allow us to distinguish between influences that move equilibria (pushing forces) and influences that correct deviations from equilibrium (pulling forces), which give rise to long-run relationships. After determining the cointegration rank, the significance of adjustment coefficients provides information on which variables adjust and thereby weak exogeneity can be tested by zero restrictions in the respective coefficients. In this way we can address the endogeneity issue.
To sum up, the idea of estimating partial systems consists in using cointegration analysis of smaller blocks of variables as a means to restructure and simplify the empirical problem. Then, those systems can be combined into a full model that includes all the deviations from the estimated long-run equilibria to find out which disequilibria in different sectors affect the variable of interest (e.g., soybean yields). We tested if one or more deviations are significant by means of the concept of encompassing (Hendry and Mizon 1993).
We started by estimating the three different partial systems from Figure 1 (named climate, technological, and input-output prices). We estimated VAR models with two lags. Given that the variables may grow at different rates, we initially included a trend in the cointegration space and, if not significant, its effect is restricted to zero. All variables are expressed in logs, with the exception of global temperature anomalies (temp), the number of days with maximum temperatures above 28, 29, 30 and 31 • C (max28, max29, max30 and max31, respectively) and the ratio of no tillage adoption (no till).
It should be noted that some of the series used in these systems can be represented as stationary around a deterministic linear trend (Table 2). To tackle this issue, many studies have removed deterministic trends before studying the effects of climate factors on yields (see for example Thomasz et al. 2016, in the Argentine case). However, given that our aim is to understand which variables could be behind this observed trending behavior, we studied their long-run relationships assuming them as first-order integrated, and studying cointegration. As Juselius (2006, p. 18) assessed, "the order of integration of a variable is not in general a property of an economic variable but a convenient statistical approximation to distinguish between the short-run, medium-run and long-run variation in the data". Note: k = lag length selected by SIC, b = bandwidth using Bartlett kernel. *, ** and *** indicate significance at the 10%, 5% and 1% levels, respectively. ADF = Augmented Dickey Fuller, PP = Phillips-Perron, KPSS = Kwiatkowski-Phillips-Schmidt-Shin. A constant and a trend were included for level variables that exhibited a trend behavior, otherwise only a constant was considered.
In the climatic system, we estimated the interdependencies among non-stationary variables: soybean yields, CO 2 concentrations in the atmosphere and global temperature anomalies. We have also unrestrictedly included La Niña and El Niño measures as well as stationary weather variables associated with excessive precipitations and floods, and different maximum temperature thresholds (28, 29, 30 and 31 • C). To select the stationary variables and, in particular, the relevant maximum temperature threshold, we used Autometrics, as explained below, keeping the non-stationary variables and their lags fixed in the soybean yield equation of the VAR. Only La Niña and max30 were significant.
In the technological system, we considered the potential long-run interaction between soybean yields and two major technological advances in Argentina's agricultural sector: the used of GM seeds and the adoption of no-till practices. This partial system also includes a step dummy starting in 1996 (as the main changes in managerial practices took place in the mid 1990s), which is restricted to enter the cointegration space, and two unrestricted impulse dummies for 2001 and 2002 (associated with the Argentine economic crisis). Those dummies were selected using Step and Impulse Indicator Saturation (SIS and IIS, respectively) at a 0.001 significance level. 6 As stated by Castle et al. (2015), unmodeled location shifts can have pernicious effects on the constancy of models and may lead to misspecification problems. In our context, the latter may affect which variables may have a long-run relationship with soybean yields. 7 Finally, the input-output prices system intends to model how soybean prices and several input prices affect the long-run behavior of soybean yields. Soybean and fertilizer prices showed a significant long-run effect on yields. This system also includes three unrestricted impulse dummies for 1971, 1972 and 1973, which may be related to the initial stages of soybeans in Argentina and the international oil crises that affected most of the commodity prices.
Once the long-run relationships were identified, their results were combined into an equilibrium correction (EC) model that nests all deviations from the long-run equilibria along with many potential short-run determinants from our information set. A key assumption of this approach is that the variable of our interest is affected by the relative magnitude of these deviations.
Formally, for the log differences of soybean yields (∆y t ), the estimated equation is: where j = 1, . . . , 3 indicates each of the partial systems. In (1), vector x j denotes the variables that enter each j partial system; α j and β j denote the adjustment coefficients and long-run coefficient for the j partial system, respectively. We considered up to a k = 1 lag for the w variables entering the short-run. 8 To deal with such a wide range of information and help us select the dominant congruent model and not only the best fit, we used Autometrics. 9 Moreover, this algorithm can be used for an encompassing evaluation, as discussed by Doornik (2008), selecting the relevant model(s) from a general unrestricted model, which includes all the variables of the different models obtained.

Results
In this section, we present the results obtained using the information set described in Section 3 and following the econometric approach explained in Section 4.

Long-Run Effects
Considering the different kinds of potential determinants of crop yields, we estimated the three partial systems of Argentine soybean yields in line with the description of Figure 1. Tables 3-5 report statistics p-values for the cointegration analysis considering a bootstrap estimation of each cointegrated partial system, and also applying a Bartlett small-sample correction for the rank tests. Additionally, the (not rejected by our data) constrained parameter estimates are reported.   We can observe that only one cointegration relation is determined in each partial system using a 5% level of significance. Equations (2)-(4) show the resulting long-run equations for the cases in which the yield adjusts. Equation (2) shows the long-run relationship corresponding to the climatic model. Equation (3) belongs to the technology model describing the long-run relationship of yields with the effects of no-till adoption and the introduction of new seed varieties. Finally, Equation (4) corresponds to the price model.
(climatic model) ln y = −1.60 temp + 9.21 ln CO 2 (2) (technological model) ln y = 0.008 no till + 0.11 ln seeds + 0.55 S1996 (3) (prices model) ln y = 1.84 ln p soybean − 1.29 ln p f ertilizer + 0.02 t (4) First, as much of the literature does, we focus only on climate variables. Global temperature anomalies and atmospheric CO 2 concentrations were found to be cointegrated with soybean yields. An interesting feature is that, although global temperature had a negative effect, the results suggest a mitigating effect on yield associated with carbon fertilization. To analyze the magnitude of estimated coefficients, it is worth noting that in this sample period, if the temperature changes as its median value (0.06 • C), soybean yields will decrease by almost 10% in the long run. As a possible mitigating effect, yields increased by about 4% as a consequence of the median percentage variations of CO 2 concentrations (0.47%) during 1971-2015.
In this system, soybean yields adjusted to deviations from the long-run relationship as well as global temperature anomalies and CO 2 concentrations. Although this last result may be unexpected at first sight, it may be due to the effect of deforestation. We can note that the upward trend of yields in Argentina is also shown by other main soybean producers like Brazil. Increasing yields could have given incentives to the expansion of agriculture through the use of new lands coming from deforestation. South America, during our sample period, has experienced a shift of the main production area to the north, to warmer latitudes, mainly by converting forest into crop land. Deforestation contributes to global warming since it reduces atmospheric CO 2 concentrations, which could (at least partially) offset carbon dioxide anthropogenic emissions. Global temperature anomalies and CO 2 concentrations may also adjust to deviations from our estimated climate long-run relationship. As Pretis (2021) warns, human activity (e.g., through deforestation) affects the local and global climate and climate change, in turn, influences human activity (e.g., crop yields). Empirically, this implies that if we want to estimate the effect of humanity on climate change and vice versa, it is essential to evaluate the exogeneity of the variables within the economic-climatic system.
Nonetheless, we have found other representations associated with factors different from climate change. A system including the main technological innovations for crop practices was studied. One long-run relationship was found in which soybean yields are explained by the no-till adoption measure and the introduction of new seeds, in both cases with positive effects. 10 In this system, soybean yields and no-till adoption adjust to deviations from the long run.
Finally, in accordance with the price model, the commodity price and a main variable input price-fertilizers-have shown the expected signs. 11 From the prices system, we found that all variables adjust to deviations from the long-run equilibrium.
The estimated Equations (2)-(4) suggest that to understand crop yield behavior in the long, run not only are climate variables important, but technological and economic factors should be considered too. Consistent estimates of the long-run effects can be obtained from these systems, given the cointegration approach.

Short-Run Effects
In consequence, we have several explanations, which may be alternative or complementary, to account for the long-run trending behavior of soybean yields. Encompassing by automatic selection can help discriminate long-run effects while selecting other, short-run, determinants. Results are presented in Table 6 and residual diagnostics in Figure 5.
Column (1) shows the Ordinary Least Squares (OLS) estimation of the model selected by Autometrics at the 1% target size. 12 Column (2) shows the instrumental variable (IV) estimation, as the variation of CO 2 concentrations has contemporaneous effects on yield variations. From the long-run results presented in Section 5.1, CO 2 concentrations also adjusted to reach the equilibrium in the climatic model, and thus it is necessary to address the potential endogeneity issue. Therefore, for the EC representation, we re-estimated the model using instrumental variables. As instruments, we employed the log difference of the global fossil fuel consumption 13 and its first lag, the log level of passenger cars and commercial vehicles 14 and its first lag. According to the CDIAC, hundreds of billions of tons of carbon have been released into the atmosphere from the consumption of fossil fuels since 1751, leading to a positive correlation between these two variables. Finally, Column (3) incorporates the EC terms of the climate and prices model, which were not selected by Autometrics. As indicated in Table 6, the estimated models pass all diagnostic tests at traditional levels. The Sargan test validates the instrumental variables, as the null hypothesis that the error term is not correlated with the instruments is not rejected. The main finding is that only the EC term derived from the technology model maintains its effect on soybean yield when nested with other long-run deviations. Therefore, the results obtained from this in-sample encompassing test performed by Autometrics suggest that the information content of the technology model in the long run is such that it dominates the others.
However, the effect of climate variables can also explain yield variation in the short run. Our estimates show that an increase in CO 2 concentration growth produces higher soybean yields. For the median values of CO 2 increases, the short-run effect on yield is about 18% (for the OLS estimation) and 29% (for the IV estimation), all else equal. However, it is difficult to assume that atmospheric CO 2 concentrations could rise without an increase in global temperature and a higher intensity, frequency and duration of extreme weather events. The estimates show also the negative effects of cumulated days of high temperature.
Ten additional days of maximum temperature above 30 • C during the growing season produce a decrease of around 10%.  Table 6, and the corresponding scaled residuals, residual histogram and estimated density, and residual correlogram.
Although it is difficult to assess how the climate variables in this model will change in the future due to the local consequences of global warming, the free ride effect of Argentine soybean yields should be jointly evaluated with the potential effects derived from other climate variables.

Final Remarks
This paper has focused on understanding the effects of climate change on crop yields, and in particular if there is evidence of a beneficial effect of CO 2 fertilization in the case of soybeans. We followed an econometric approach that enabled us to evaluate this hypothesis considering other climatic, technological and economic factors that have been examined in the literature to describe crop yields. It is a difficult task, mainly due to many different potential determinants, collinearities and endogeneity. A partial system approach allowed us to deal with these issues and study the long-run behavior of soybean yields for the world's third largest producer and exporter of this commodity. Specifically, we estimated a system to measure the effect of global climate change along with the mitigating effects driven by atmospheric CO 2 concentrations. Two other systems were also estimated to analyze: (i) the effects coming from new management practices and technology innovations, (ii) output and input prices. Once these different models for the long-run relationships were obtained, we used an automatic algorithm, Autometrics, to evaluate which of the deviations of the equilibria is relevant to explain changes in soybean yields, also including short-run effects. This analysis helped us verify if one representation can encompass others or whether none of them can do it.
Our main results indicate that soybean yields in the long run are mainly dominated by technology innovation variables, such as the evolution of no-till adoption and the incorporation of new seeds. As short-run determinants, we found positive effects from changes in atmospheric CO 2 concentrations, which would suggest a climate change mitigation. Nonetheless, we also found negative climate effects from high temperatures during the plant growing season in line with the existing literature. Extreme events, which affect crop yields, are likely to be consequences of global warming as well and, thus, they should be jointly evaluated when analyzing climate change effects.
As part of the future agenda, further research should focus on studying if the technological long-run drivers of soybean yields have been a result of economic factors or part of an adaptation process to the same climate factors derived from global warming.
Author Contributions: Both authors are full contributors to the paper. All authors have read and agreed to the published version of the manuscript.