IDEAS home Printed from https://ideas.repec.org/a/aej/apecjn/v22y2015i1p1-25.html
   My bibliography  Save this article

Assessing Household’s Benefit from Flood Risk Reduction in Lower Chao Phraya River Basin

Author

Listed:
  • Penporn Janekarnkij

    (Faculty of Economics, Kasetsart University, Bangkok, Thailand, 10900)

  • Santi Sanglestsawai

    (Faculty of Economics, Kasetsart University, Bangkok, Thailand, 10900)

  • Kampanat Vijitsrikamol

    (Faculty of Economics, Kasetsart University, Bangkok, Thailand, 10900)

  • Suwanna Sayrumyat

    (Faculty of Economics, Kasetsart University, Bangkok, Thailand, 10900)

  • Akarapong Untong

    (Public Policy Studies Institute, Chiang Mai University, Chiang Mai, Thailand, 50300)

Abstract

This paper explores economic benefit for flood risk reduction of residents living in the core economic zones of lower Chao Phraya River Basin, Thailand. Under the action plan of integrated and sustainable flood mitigation in Chao Phraya River Basin, 4.29 million households would become beneficiaries. Using contingent valuation method (CVM), the potential benefit of flood risk reduction from this action plan is approximately THB 8.82 billion per year with an average willingness to pay (WTP) of THB 2,056 per household annually. The estimated benefit accrued to household residents in the study area is only part of the total potential benefits, if the plan were enacted. The finding reveals that household’s income, flood risk reduction, and program acceptance are significant determinants to increase WTP. Beneficiary pay mechanism such as flood protection fee or tax incorporating different income or different flood risk exposure on property should be considered in the flood management policy. This requires further studies on supporting regulations and laws.

Suggested Citation

  • Penporn Janekarnkij & Santi Sanglestsawai & Kampanat Vijitsrikamol & Suwanna Sayrumyat & Akarapong Untong, 2015. "Assessing Household’s Benefit from Flood Risk Reduction in Lower Chao Phraya River Basin," Applied Economics Journal, Kasetsart University, Faculty of Economics, Center for Applied Economic Research, vol. 22(1), pages 1-25, June.
    • Handle: RePEc:aej:apecjn:v:22:y:2015:i:1:p:1-25
    as

    Download full text from publisher

    File URL: http://journal.eco.ku.ac.th/upload/document/thai/20150932105332.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    economic benefit; flood risk; contingent valuation method; willingness to pay;
    All these keywords.

    JEL classification:

    • D62 - Microeconomics - - Welfare Economics - - - Externalities
    • H23 - Public Economics - - Taxation, Subsidies, and Revenue - - - Externalities; Redistributive Effects; Environmental Taxes and Subsidies
    • H31 - Public Economics - - Fiscal Policies and Behavior of Economic Agents - - - Household
    • Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aej:apecjn:v:22:y:2015:i:1:p:1-25. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chatrat Hemmawat (email available below). General contact details of provider: https://edirc.repec.org/data/feckuth.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.