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The impact of the 2002-03 drought on the economy and agricultural employment

Author

Listed:
  • Lan Lu

    (Treasury, Government of Australia)

  • David Hedley

    (Treasury, Government of Australia)

Abstract

This article seeks to document some of the economic effects of the 2002-03 drought, presenting a summary of the major macro-economic impacts before discussing the effect on agricultural employment in light of longer term trends. The article then examines the agricultural outlook and prospects for recovery from drought.

Suggested Citation

  • Lan Lu & David Hedley, 2004. "The impact of the 2002-03 drought on the economy and agricultural employment," Economic Roundup, The Treasury, Australian Government, issue 1, pages 25-43, April.
    • Handle: RePEc:tsy:journl:journl_tsy_er_2004_1_2
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    File URL: http://archive.treasury.gov.au/documents/817/PDF/roundup_autumn_2004.pdf
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    Citations

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    Cited by:

    1. Sheng, Yu & Xu, Xinpeng, 2019. "The productivity impact of climate change: Evidence from Australia's Millennium drought," Economic Modelling, Elsevier, vol. 76(C), pages 182-191.
    2. Productivity Commission, 2009. "Government Drought Support," Inquiry Reports, Productivity Commission, Government of Australia, number 46.
    3. Rowan Roberts & Nicole Mitchell & Justin Douglas, 2006. "Water and Australia’s future economic growth," Economic Roundup, The Treasury, Australian Government, issue 1, pages 53-69, March.
    4. Productivity Commission, 2005. "Trends in Australian Agriculture," Research Papers 0502, Productivity Commission, Government of Australia.
    5. Unknown, 2005. "Trends in Australian Agriculture," Commission Research Papers 31903, Productivity Commission.
    6. Andrew Leigh, 2009. "Precipitation, Profits, and Pile-Ups," CEPR Discussion Papers 629, Centre for Economic Policy Research, Research School of Economics, Australian National University.

    More about this item

    Keywords

    rural employment; drought; regional Australia;
    All these keywords.

    JEL classification:

    • J43 - Labor and Demographic Economics - - Particular Labor Markets - - - Agricultural Labor Markets
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • R23 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Regional Migration; Regional Labor Markets; Population

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