Economic Assessment of Damage Caused by Drought

Authors

  • Manuela Panaitescu
  • Bogdan Andronic Danubius University of Galati
  • Gheorghe Chiru Danubius University of Galati

Keywords:

evaluation; loss; drought; agriculture; damage

Abstract

High temperatures and prolonged drought have caused farmers, households and agricultural production across Europe to face unprecedented damage in the period 2019-2021. Drought is a natural feature of climate variability and water cycle and can occur in all climatic zones. It comes from a temporary reduction in the normal rainfall regime over an extended area, but other climatic factors, such as high temperatures and winds or low relative humidity, can significantly worsen the severity of the event. The loss and damage caused by the weather in the agricultural sector will lead to a decrease in global agricultural production, causing food insecurity. the consequences for the export of food and agricultural products.

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Published

2022-12-30

How to Cite

Panaitescu, M., Andronic, B., & Chiru, G. (2022). Economic Assessment of Damage Caused by Drought. Acta Universitatis Danubius. Œconomica, 18(6). Retrieved from https://dj.univ-danubius.ro/index.php/AUDOE/article/view/2124

Issue

Vol. 18 No. 6 (2022)

Section

Economic Development, Technological Change, and Growth

License

Copyright (c) 2022 Manuela Panaitescu, Bogdan Andronic, Gheorghe Chiru

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