Online from: 1992
Subject Area: Environmental Management/Environment
|Title:||Measuring economic impacts of drought: a review and discussion|
|Author(s):||Ya Ding, (School of Management and Economics, University of Electronic Science and Technology of China, Chengdu, China), Michael J. Hayes, (National Drought Mitigation Center, University of Nebraska-Lincoln, Lincoln, Nebraska, USA), Melissa Widhalm, (National Drought Mitigation Center, University of Nebraska-Lincoln, Lincoln, Nebraska, USA)|
|Citation:||Ya Ding, Michael J. Hayes, Melissa Widhalm, (2011) "Measuring economic impacts of drought: a review and discussion", Disaster Prevention and Management, Vol. 20 Iss: 4, pp.434 - 446|
|Keywords:||Agriculture, Drought, Drought mitigation, Economic impact assessment, Tourism|
|Article type:||Literature review|
|DOI:||10.1108/09653561111161752 (Permanent URL)|
|Publisher:||Emerald Group Publishing Limited|
|Acknowledgements:||The work presented in this paper was supported under USDA RMA Partnership Agreement #02-IE-0831-0228 and NOAA grant #NA06OAR4310087. The authors acknowledge Deb Wood for her editorial comments.|
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.
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