Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines
International Journal of Agricultural Economics
Volume 3, Issue 2, March 2018, Pages: 31-36
Received: Mar. 7, 2018;
Accepted: Apr. 18, 2018;
Published: May 15, 2018
Views 1421 Downloads 124
Jennet R. Mag-aso, Department of Agricultural Economics, University of Southern Mindanao, Kabacan, Philippines
Rico C. Ancog, School of Environmental Science and Management, University of the Philippines, Los Banos, Philippines
Enrique P. Pacardo, School of Environmental Science and Management, University of the Philippines, Los Banos, Philippines
Corazon L. Rapera, Department of Agricultural Economics, University of the Philippines, Los Banos, Philippines
Kabacan town in Mindanao, Southern Philippines, which is situated on the flood plain of Cotabato Province, has been heavily affected on flooding in the recent years. Flooding on February 2013 brought about by typhoon “Crising” had worsened as compared to previous flooding events in the area. This flood event has caused heavy damage to agriculture, and economy of the town. The economic impacts of February 2013 flooding was evaluated and monetized. Valuation techniques comprised of clean-up costs method, crop damage and loss of foregone income was used to estimate the economic costs of flooding. Economic costs comprised of loss of income from rice production, loss of income from other source, clean-up costs and government spending were reached up to Php20, 451,247.49. Findings of the study will be beneficial to the Local Government of Kabacan, particularly to the Municipal Disaster Risk Reduction and Management, Municipal Agriculture Office and to the Climate Change Commission as flooding is one of the major concerns of Climate Change.
Jennet R. Mag-aso,
Rico C. Ancog,
Enrique P. Pacardo,
Corazon L. Rapera,
Estimation of Economic Costs of Flood Impacts of Typhoon “Crising” in Kabacan, North Cotabato, Philippines, International Journal of Agricultural Economics.
Vol. 3, No. 2,
2018, pp. 31-36.
ASIAN Development Bank (ADB). 1994. Climate change in Asia: Philippines country report: regional study on global environmental issues. Manila.
BELTRAN, A., MADDISON, D., ELLIOT, R. JR., 2018. Is Flood Risk Capitalised Into Property Values?. Ecological Economics 146 (2018) 668-685.
BENSON, C. 1997. The economic impact of natural disasters in the Philippines. (Working paper 99). London: Overseas Development Institute.
DEWANN, T., 2015. Societal Impacts and Vulnerability to Flood in Bangladesh and Nepal. Weather and Climate Extremes 7 (2015) 36-45.
DIXON, et. al. 1997. Economic analysis of environmental impacts. Earth scan Publications, London, UK (1997).
FOSTER, J., 2010, Impacts of floods, AS Geography. Available at www.slideshare.net
HAQUE, A., JAHAN, S., 2015. Impacts of Flood Disaster in Bangladesh: A Multi-Sector Regional Analysis. International Journal of Disaster Risk Reduction 13 (2015) 266-275.
KAHN, J. 1998. The economic approach to environmental and natural resources. The Dryden Press. Orlando, FL (1998) pp. 88-106 as cited by Rebecca, et.al. 2003. A review of ecosystem valuation technique.
LARSEN, M. C., 2008. Rainfall-triggered landslides, anthropogenic hazards, and mitigation strategies. Advances in Geosciences 14, 147–153.
LIANG, Y., JIANG, C., MA, L., LIU, L., CHEN, W., LIU, L., 2017. Government Support, Social Capital and Adaptation to Urban Flooding by Residents in the Pearl River Delta Area, China. Habitat International 59 (2017) 21-31.
PANICHVEJSUTI, T., KUWORNU, JKM., SHIAVAKOTI, G., GRUNBUHEK, C., 2018. Small Farmers’ Crop Combinations under different Land Tenure Systems in Thailand: The Role of flood and Government Policy. Land use Policy 72 (2018) 129-137.
SAMELA, C., ALBANO, R., SOLE, A., MANFREDA, S., 2018. A GIS Tool for Cost- Effective Delineation of Flood Prone Areas. Computer and Environmental Journal, 2018.
SANYAL, J., and LU, X., 2004. Application to Remote Sensing in Flood Management with Spatial Reference to Monsoon Asia: A Review. Natural Hazards 33: 283- 301, 2004.
SHORT GIANOTTI, A., WARNER, B., MILMAN, A., 2018. Flood Concerns and Impacts on Rural Land Owners: An Empirical Study of the Deerfield Watershed, MA (USA). Environmental Science and Policy 79 (2018) 94-102.
SVETLANA, D., RADOVAN, D., JAN, D., 2015. The Economic Impact of Floods and their Importance in Different Regions of the World with Emphasis on Europe. Business Economics and Management 2015 Conference, BEM2015. Procedia Economics and Finance 34(2015) 649-655.
VOZINAKI, A-E. K., KOURGIALAS, N. N., KARATZAS, G. P., 2012. Estimating flood inundation and the consequent economic losses in the Koiliaris River Basin in Crete, Greece, Global NEST Journal, Vol 14, No 3, pp 284-293, 2012.
WILLIAMS, W., 2004, Magnitude and Frequency and the Flood Hazard. Available at www.slideshare.net
WINTER, M., SHEARER, B., PALMER, D., PEELING, D., HARMER, C., SHARPE, J., 2016. The Economic Impact of Landslide and Floods on Road Network. Advances in Transportation Geotechnics 3. The 3rd International Conference on Transportation Geotechnics (ICTG 2016). Procedia Engineering, Volume 143, 2016, Pages 1425-1434.