HOUSEHOLD ECONOMIC LOSSES OF URBAN FLOODING: CASE STUDY OF CAN THO CITY, VIETNAM

Danh Thanh Vo

Abstract


This article examines the economic losses caused by urban flooding in Can Tho City, Vietnam. Opportunity-cost and household co.0sts are emphasized. Household interviews showed that annual economic losses due to flooding were 11 % of household annual income. Furthermore, the study reveals that there are differences in cost structure at different stages of flooding. An estimated regression model suggests that household location and education status were significant factors affecting economic losses. The empirical results further indicated that the before flooding cost used as proxy measure for prevention activities significantly reduced the economic cost of urban flooding in Can Tho City.


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