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Please use this identifier to cite or link to this item: http://purl.umn.edu/97167

Title: Modeling the Regional Economic Impacts of the 2007/08 Drought: Results and Lessons
Authors: Butcher, G.V
Ford, Stuart
Authors (Email): Butcher, G.V (gvbutcher@xtra.co.nz)
Ford, Stuart (stuart@agribusinessgroup.com)
Keywords: Economic Impact
Drought
Modeling
Issue Date: 2009-08
Abstract: The 2007-08 drought affected a large area of New Zealand. This paper describes the analytical framework used to estimate the associated regional and national economic impacts. Results suggest that calculating drought economic impacts by applying standard farming industry multipliers to changes in farm gate output can greatly overstate both regional and national economic impacts. Calculating impacts using differences between forecast and actual farm production and expenditure by farm type is both feasible and produces far more reliable impact estimates.
URI: http://purl.umn.edu/97167
Institution/Association: New Zealand Agricultural and Resource Economics Society>2009 Conference, August 27-28, 2009, Nelson, New Zealand
Total Pages: 11
Collections:2009 Conference, August 27-28, 2009, Nelson, New Zealand

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