Journal of Applied Economics in Developing Countries
Vol 7, No 1 (2022): Journal of Applied Economics in Developing Countries

ESTIMATION OF SOCIETY ECONOMIC COSTS DUE TO FLOODS

Sulistya Rini Pratiwi (Faculty of Economics, Universitas Borneo Tarakan)
Meylin Rahmawati (Faculty of Economics, Universitas Borneo Tarakan)
Kartini Kartini (Faculty of Economics, Universitas Borneo Tarakan)



Article Info

Publish Date
30 Mar 2022

Abstract

The purpose of this study is to estimate the value of economic losses due to river floods and interpret the perceptions of the affected community on flood risk. This study uses a descriptive analysis method to look at people's perceptions as a result of flooding and uses the actual market price approach, cost of time, and Human Capital Approach to measure how much the estimated value of losses due to flooding is in the Sembakung District area. Community economic losses are calculated based on direct losses and indirect losses. The results of this study show that the direct losses experienced by the community after the floods in January 2021 amounted to Rp.48,685,514.97. The indirect losses experienced by the community after the floods in January 2021 amounted to IDR 131,600,000. The total estimated loss experienced by households is IDR 180,254,514.97. The community knows that the house they live in is a flood-prone area, as a result of the flood some of the community's houses have become dirty with silt and garbage carried by the flood.

Copyrights © 2022






Journal Info

Abbrev

jaedc

Publisher

Subject

Economics, Econometrics & Finance

Description

FOCUS This journal focused on economics, business, and management in developing countries studies and presents developments through the publication of articles and research reports. SCOPE The Journal of Applied Economics in Developing Countries (JAEDC) specializes on Economics, Business, and ...