Developing drought impact functions for drought risk management
Drought management frameworks are dependent on methods for monitoring and prediction, but quantifying the hazard alone is arguably not sufficient; the negative consequences that may arise from a lack of precipitation must also be predicted if droughts are to be better managed. However, the link between drought intensity, expressed by some hydro-meteorological indicator, and the occurrence of drought impacts has only recently begun to be addressed. One challenge is the paucity of information on ecological and socio-economic consequences of drought. This study tests the potential for developing empirical drought impact functions based on drought indicators (Standardized Precipitation and Standardized Precipitation Evaporation Index) as predictors, and text-based reports on drought impacts as a surrogate variable for drought damage.