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Measuring economic impacts of drought: a review and discussion

Measuring economic impacts of drought: a review and discussion Purpose – The purpose of this paper is to provide useful information for members of the weather community and policy makers, to help them understand the full scope of drought economic impacts and assessment methodologies, and to help determine the feasibility of future drought mitigation programs. Design/methodology/approach – To accomplish the objective, the paper reviews the literature of drought economic impact studies in both agricultural and non‐agricultural sectors, summarizes the methods and data employed, compares the various results, and investigates the problems and limitations of previous studies. Findings – The paper concludes with a discussion of the challenges and directions of future improvement on drought economic impact assessment. Originality/value – This paper gives a comprehensive review of drought economic impacts and the associated quantitative assessment methodologies, which provides valuable information to rational decisions supporting drought mitigation policies and programs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Disaster Prevention and Management Emerald Publishing

Measuring economic impacts of drought: a review and discussion

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Publisher
Emerald Publishing
Copyright
Copyright © 2011 Emerald Group Publishing Limited. All rights reserved.
ISSN
0965-3562
DOI
10.1108/09653561111161752
Publisher site
See Article on Publisher Site

Abstract

Purpose – The purpose of this paper is to provide useful information for members of the weather community and policy makers, to help them understand the full scope of drought economic impacts and assessment methodologies, and to help determine the feasibility of future drought mitigation programs. Design/methodology/approach – To accomplish the objective, the paper reviews the literature of drought economic impact studies in both agricultural and non‐agricultural sectors, summarizes the methods and data employed, compares the various results, and investigates the problems and limitations of previous studies. Findings – The paper concludes with a discussion of the challenges and directions of future improvement on drought economic impact assessment. Originality/value – This paper gives a comprehensive review of drought economic impacts and the associated quantitative assessment methodologies, which provides valuable information to rational decisions supporting drought mitigation policies and programs.

Journal

Disaster Prevention and ManagementEmerald Publishing

Published: Aug 30, 2011

Keywords: Drought; Drought mitigation; Economic impact assessment; Agriculture; Tourism

References