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Measuring economic impacts of drought: a review and discussion

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)

Disaster Prevention and Management

ISSN: 0965-3562

Article publication date: 30 August 2011

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.

Keywords

Citation

Ding, Y., Hayes, M.J. and Widhalm, M. (2011), "Measuring economic impacts of drought: a review and discussion", Disaster Prevention and Management, Vol. 20 No. 4, pp. 434-446. https://doi.org/10.1108/09653561111161752

Publisher

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Emerald Group Publishing Limited

Copyright © 2011, Emerald Group Publishing Limited