This paper focuses on the economic consequences of droughts for the irrigation sector. We develop a dynamic-recursive mathematical programming farm model that assumes imperfect mobility of capital and labour as well as rational expectations about future water availability. The model is...

The problems caused by water scarcity demand important changes in the criteria and objectives of water policies. The agricultural sector in Spain consumes up to 80% of all available hydric resources and the need to increase the efficiency of current uses of water in the agricultural sector is at...

A quality-of-life index (QLI), a proxy measure of utility, is constructed by factor-weighted and simple-summation weighted aggregation of socio-psychological measures of well-being. The socio-psychological measures were constructed from quality of life domains taken from selected years of the...

United States monetary and fiscal policies influence the domestic agricultural economy directly and, through international linkages, indirectly. This study estimates the magnitude and statistical influence of coefficients relating U.S. macroeconomic policy to the U.S. agricultural economy...