The economics of drought: A review of impacts and costs

Dr David Fleming, Dr Stuart Whitten, Dr Graham D. Bonnett recently published an article in the Australian Journal of Agricultural and Resource Economics on The Economics of Drought. This study provides a comprehensive review of the social and economic impacts of drought in Australia by exploring the consequences of drought on societies. The authors proposed a framework to categorise drought impacts using three dimensions: individuals/households (including health), productive sectors and system (including economic and ecosystem) impacts. You can read the publication here.