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DOI 10.35609/jber.2017.2.1(6)

Reference to this paper should be made as follows: Gravitiani, E; Suryanto. (2017). Valuing the Economic Impact of Flood Mitigationin Central Java, Indonesia, J. Bus. Econ. Review, 2 (1): 49 – 55. https://doi.org/10.35609/jber.2017.2.1(6)

Received: January 21, 2017 | Accepted: March 18, 2017

Valuing the Economic Impact of Flood Mitigationin Central Java, Indonesia
Evi Gravitiani and Suryanto
Faculty of Economics and Business, UniversitasSebelas Maret, Surakarta, Indonesia Abstract

Objective - This research aims to map and identify the areas vulnerable to flood in Central Java Province, Indonesia, using Geography Information System (GIS) and value the economic impact on flood mitigation using Contingent Valuation Methods (CVM).

Methodology/Technique - The data regarding geographical, demographical, socio-economic, and topographical condition collected from local governments in Central Java Province, Meteorology and Geophysics Board, the Statistical Bureau, and Planning and Development Boar.

Findings - Spatial analysis with GIS provides evidence that Surakarta, Sragen, and Sukoharjo districts are more vulnerable to flood than other districts in Central Java Province. This evidence points the need to conduct a thorough study on these areas.

Novelty - This research contributes to empirical study, methodology, and policy implications.

Type of Paper: Empirical

Keywords: Spatial Analysis; Flood Impact; Local Wisdom; Economic Valuation; Willingness to Pay.

JEL Classification: C21, Q51, Q54.

Price: USD 25