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Economic Impact of Typhoon Ondoy in Pasig and Marikina Cities Using a Multiweek CGE Model Analysis

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  • Tuano, Philip Arnold P.
  • Muyrong, Marjorie S.
  • Clarete, Ramon L.

Abstract

The adverse effects of extreme flooding caused by Typhoon Ondoy in Pasig and Marikina Cities in 2009 are significant. This paper estimates that both cities may have lost PHP 22.54 billion, 90 percent of which represent the loss of Pasig City. The study’s estimates are obtained using a multiweek, local economy computable general equilibrium analysis which assumes weekly market clearing. Some suggestions for improving the methodology are provided.

Suggested Citation

  • Tuano, Philip Arnold P. & Muyrong, Marjorie S. & Clarete, Ramon L., 2018. "Economic Impact of Typhoon Ondoy in Pasig and Marikina Cities Using a Multiweek CGE Model Analysis," Philippine Journal of Development PJD 2016 Vol. 43 No. 2a, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:pjdevt:pjd_2016_vol__43_no__2a
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    References listed on IDEAS

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    1. Aaron B. Gertz & James B. Davies & Samantha L. Black, 2019. "A CGE Framework for Modeling the Economics of Flooding and Recovery in a Major Urban Area," Risk Analysis, John Wiley & Sons, vol. 39(6), pages 1314-1341, June.
    2. Rutherford, Thomas F, 1999. "Applied General Equilibrium Modeling with MPSGE as a GAMS Subsystem: An Overview of the Modeling Framework and Syntax," Computational Economics, Springer;Society for Computational Economics, vol. 14(1-2), pages 1-46, October.
    3. Skoufias, Emmanuel, 2003. "Economic Crises and Natural Disasters: Coping Strategies and Policy Implications," World Development, Elsevier, vol. 31(7), pages 1087-1102, July.
    4. World Bank, . "Natural Disaster Risk Management in the Philippines : Enhancing Poverty Alleviation Through Disaster Reduction," World Bank Other Operational Studies, The World Bank, number 8748, September.
    5. Charlotte Benson & Edward J. Clay, 2004. "Understanding the Economic and Financial Impacts of Natural Disasters," World Bank Publications, The World Bank, number 15025, July.
    6. Alistair Hunt & Paul Watkiss, 2011. "Climate change impacts and adaptation in cities: a review of the literature," Climatic Change, Springer, vol. 104(1), pages 13-49, January.
    7. Mark Pelling & Alpaslan Özerdem & Sultan Barakat, 2002. "The macro-economic impact of disasters," Progress in Development Studies, , vol. 2(4), pages 283-305, October.
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    More about this item

    Keywords

    Philippines; CGE; Typhoon Ondoy; Pasig City; Marikina City; computable general equilibrium model; equivalent variation; extreme flooding; climate-related disaster;
    All these keywords.

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