A multi-sector multi-region economic growth model of drought and the value of water: A case study in Pakistan
Source: ScienceDirect Highlights •Ecohydrological vegetation model and multi-sector multi-region economic growth model are integrated. •The values of several parameters of the agricultural production function are identified by applying leaf area indices (LAI). •The three-sector three-region closed-economy model with the stochastic processes of water are formulated. •The water rent and GDP growth under drought stress are […]