Measuring economic impacts of drought: A review and discussion

Ya Ding, Michael J. Hayes, Melissa Widhalm

Research output: Contribution to journalReview articlepeer-review

136 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)434-446
Number of pages13
JournalDisaster Prevention and Management
Volume20
Issue number4
DOIs
StatePublished - Aug 2011
Externally publishedYes

Keywords

  • Agriculture
  • Drought
  • Drought mitigation
  • Economic impact assessment
  • Tourism

ASJC Scopus subject areas

  • Health(social science)
  • Public Health, Environmental and Occupational Health
  • Management, Monitoring, Policy and Law

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