Transaction Costs of a Community-Based Coastal Resource Management Program in San Miguel Bay, Philippines

Zenaida Sumalde () and Suzette Pedroso
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Zenaida Sumalde: College of Economics and Management, University of the Philippines Los Baños
Suzette Pedroso: College of Economics and Management, University of the Philippines Los Baños

No rr2016057, EEPSEA Research Report from Economy and Environment Program for Southeast Asia (EEPSEA)

Abstract: This study generally aims to estimate and analyze the TC associated with the implementation of a multi-level and multi-stakeholder program such as a CBCRM program. TC are indirect costs incurred in reaching and enforcing agreements. Tools for analysis used in this study included the estimation of direct project costs (DPC) and TC at each phase of the San Miguel Bay Coastal Resource Management Program (SMB-CRMP) and their distribution among the different stakeholders; determination of transaction costs share (TSC) and analysis of factors affecting TC. Similarly, effect of TC on performance of people’s organizations (POs) was analyzed. This study was conducted in the San Miguel Bay coastal area which is one of the pilot sites of the FSP. Thirty-eight POs in various barangays from seven municipalities with jurisdiction over San Miguel Bay were the focus of the study. The POs were classified as successful or less successful based on the success index developed from the criteria and indicators (C&I) that were adopted, modified and field-validated for applicability. Transaction costs incurred by the POs, local government units (LGUs) and the other stakeholders at the different phases (i.e., institutionalization, capability building and implementation) of the SMB-CRM were accounted for.

Keywords: Transaction Cost; Community-Based Coastal Resource Management; Philippines (search for similar items in EconPapers)
Date: 2016-04, Revised 2016-04
New Economics Papers: this item is included in nep-pr~ and nep-sea
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