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PJD 2016 Vol. 43 No. 2a: Economic Impact of Typhoon Ondoy in Pasig and Marikina Cities Using a Multiweek CGE Model Analysis

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.

Philippine Institute for Development Studies
Authors Keywords
Tuano, Philip Arnold P.; Muyrong, Marjorie S.; Clarete, Ramon L.; Philippines; CGE; Typhoon Ondoy; Pasig City; Marikina City; computable general equilibrium model; equivalent variation; extreme flooding; climate-related disaster;
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