DRN Vol. 39 No.3
'Reexamine SHS Programs Employment and Entrepreneurial Objectives'
Regulatory Impact Assessment Adoption Determinants: A Diagnostic Framework
Exploring Responses to the Employment Impact of Excise Tax Reform: The Case of the Philippine Tobacco Industry
Mapping Out Employment Opportunities in the Cultural Heritage Sector A Strategic Framework

PIDS WB 2021-0905
Annual Public Policy Conference Webinar 4: Robust and Healthy Workforce and Closing Program
PIDS WB 2021-0904
Annual Public Policy Conference Webinar 3: Green And Inclusive Recovery
PIDS WB 2021-0903
Annual Public Policy Conference Webinar 2: Ethical Business
PIDS WB 2021-0902
Opening Program and Annual Public Policy Conference Webinar 1: Resetting Capitalism
Publication Detail
DP 2018-37: The Boracay Closure: Socioeconomic Consequences and Resilience Management

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.

Philippine Institute for Development Studies
Authors Keywords
Reyes, Celia M.; Albert, Jose Ramon G.; Quimba, Francis Mark A.; Ortiz, Ma. Kristina P.; Asis, Ronina D.; environmental sustainability; Boracay closure; Philippine tourism; input-output analysis; computable general equilibrium ;
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Published in 2018 and available for Downloaded 736 times since December 26, 2018
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