IDEAS home Printed from https://ideas.repec.org/p/phd/dpaper/dp_2018-37.html
   My bibliography  Save this paper

The Boracay Closure: Socioeconomic Consequences and Resilience Management

Author

Listed:
  • Albert, Jose Ramon G.
  • Quimba, Francis Mark A.
  • Reyes, Celia M.
  • Asis, Ronina D.
  • Ortiz, Ma. Kristina P.

Abstract

This study investigates the potential economic effects of this recent directive, which is intended to last for six months from May to October 2018. Using secondary data, the study employs an Input-Output and computable general equilibrium model analyses. Three scenarios, which are based on different percentage reductions in the Philippine tourism receipts, are examined to look at the projected losses in total output and compensation, as well as its effects on specific economic sectors. Results show that the aggregate economic loss in total output would range from PHP 20.8 billion to PHP 83.15 billion, while in terms of income, the loss in compensation would range from PHP 7 billion to PHP 27.9 billion. Tourism sectors would be most affected, as well as agriculture and services, albeit slightly. Overall, while the results may not be very significant at the national level, it will still have its direct and indirect effects to people living in the island and in the entire municipality of Malay. The study recommends the need to craft strategic and harmonized overall plan which lays out the various government efforts to safeguard the welfare of those who will be severely affected by the sudden closure of Boracay.

Suggested Citation

  • Albert, Jose Ramon G. & Quimba, Francis Mark A. & Reyes, Celia M. & Asis, Ronina D. & Ortiz, Ma. Kristina P., 2018. "The Boracay Closure: Socioeconomic Consequences and Resilience Management," Discussion Papers DP 2018-37, Philippine Institute for Development Studies.
    • Handle: RePEc:phd:dpaper:dp_2018-37
    as

    Download full text from publisher

    File URL: https://www.pids.gov.ph/publication/discussion-papers/the-boracay-closure-socioeconomic-consequences-and-resilience-management
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:phd:dpaper:dp_2018-37. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aniceto Orbeta (email available below). General contact details of provider: https://edirc.repec.org/data/pidgvph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.