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Disaster Risk Management Policies and the Measurement of Resilience for Philippine Regions
Author(s) -
Yonson Rio,
Noy Ilan
Publication year - 2020
Publication title -
risk analysis
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.972
H-Index - 130
eISSN - 1539-6924
pISSN - 0272-4332
DOI - 10.1111/risa.13394
Subject(s) - flood myth , welfare , resilience (materials science) , psychological intervention , risk management , business , emergency management , asset (computer security) , environmental resource management , government (linguistics) , risk analysis (engineering) , environmental planning , public economics , economics , geography , finance , economic growth , computer science , computer security , psychology , linguistics , philosophy , physics , archaeology , psychiatry , market economy , thermodynamics
How can a government prioritize disaster risk management policies across regions and types of interventions? Using an economic model to assess welfare risk and resilience to disasters, this article systematically tackles the questions: (1) How much asset and welfare risks does each region in the Philippines face from riverine flood disasters? (2) How resilient is each region to riverine flood disasters? (3) What are, per region, the possible interventions to strengthen resilience to riverine flood disasters and what will be their measured benefit? We study the regions of the Philippines to demonstrate the channels through which macroeconomic asset and output losses from disasters translate to consumption and welfare losses at the micro‐economic level. Apart from the regional prioritizations, we identify a menu of policy options ranked according to their level of effectiveness in increasing resilience and reducing welfare risk from riverine floods. The ranking of priorities varies for different regions when their level of expected value at risk is different. This suggests that there are region‐specific conditions and drivers that need to be integrated into considerations and policy decisions, so that these are effectively addressed.