Undergraduate Research Paper

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The economic cost of motorcycle accidents in Iloilo City
Brodit, Vyel Marie C.; Maghopoy, John Martin F. (Division of Social Sciences, College of Arts and Sciences, University of the Philippines Visayas, 2016-06)
The increasing number of motorcycle accidents in the Philippines is a serious concern. Every accident involves costs, especially among the people involved. Using the Human Capital Approach, this study estimated the cost of motorcycle accidents in Iloilo City, focusing on the cost incurred by those involved in the accident, including the motorist, the passenger of the motorist, the driver of the other vehicle, and the pedestrian. Costs were also estimated according to the severity of the injury. Cost data were collected from 101 study participants who were involved in 92 separate motorcycle accidents in Iloilo City in 2015. The costs estimated include medical costs, productivity loss, property damages, accident settlement, other costs, and pain and suffering. Results show that the total cost of the motorcycle accident was P82,507,768.25 or P26,377.16 per accident victim. The motorists incurred the largest cost at P36,897.51 per victim and the passengers incurred the least cost at P 6,910.93 per victim. The medical expenses comprised 46 percent of the total cost, highlighting how motorcycle accidents pose a grave threat to health and to the household economy. Seriously injured victims incurred P170,594.98 per accident, while victims with minor injuries incurred P 9,002.29 per accident. The study recommends for: 1) strict enforcement of road safety and traffic rules and regulation; 2) identification of areas where motorcycle accidents are common and studying the physical layout of the area that could have contributed to the accidents; 3) studying the factors contributing to motorcycle accidents; 4) including the cost of motorcycle accidents on society in future similar studies; and 5) the estimation of the optimal number of motorcycles on the road, which could guide traffic program design.
Cost structure and profitability of oyster farming in Panay, Capiz
Baes, Jese B. (Division of Social Sciences, College of Arts and Sciences, University of the Philippines Visayas, 2002-03)
The study focused on the economic analysis of oyster farming; particularly productivity, costs and returns, income, and employment aspects as they relate to different farm sites, farm sizes, and methods of culture in Panay, Capiz. A total of 27 oyster farmers were interviewed. Results revealed that the value of production per farm was estimated at P50,855, greatest in Butacal and least in Bantigue. By farm size, it appeared that the small farms were more efficient per unit area. The combination of broadcast, stake and hanging methods yields the highest crop per farm. Oysters harvested from the farm were primarily sold. About 5% were given away to friends, relatives, or paid for services, and family members consumed only 2%. Consisting mostly of boat/raft and plots, farm investment was relatively low in Agojo/Tanza Norte than in other farm sites. Butacal had the largest investment of P49,803 per farm. Investment per unit area was relatively less for the bigger farms. The hanging method required the least investment while the broadcast with stake appeared to be the most costly. Hired labor and food were the major variable inputs, depreciation accounted for fixed cost and opportunity cost primarily included opportunity cost of investment. Total expenses per farm averaged P5,623. By farm size, total costs were lower in larger oyster farms. As the farm size increased, expenses also increased while per unit area decreased with increasing farm size. Oyster farmers using the broadcast with stake method incurred the largest farm expenses. Gross income was estimated at P49,961 per year. A direct relationship between farm size and gross income exists. By method of culture, the combination of broadcast, stake and hanging methods earned the highest gross income. The same relationships as that for gross income were observed in the analysis of the net income. On the average, an oyster farmer received a gross profit of P49,727 and a pure profit of P45,232. Gross and pure profit increased with farm size. The combination of the broadcast, stake and hanging methods earned the highest pure profit of P79,511 Small- sized farms and farms that used the hanging method received negative pure profits. The study recommends that the government should take steps to improve the performance of the farms especially with the low-income farm sites and should seek ways of advancing the socioeconomic condition of oyster farmers. Likewise the municipal governments should properly implement the monitoring of oyster farms to check the socioeconomic conditions, the plans of the oyster farmers, and the obstacles they encountered toward the improvement of their business. Researches directed at enhancing the productivity levels of oyster farming should be given priority. Oyster farming being a part-time activity must be complemented with programs that encourage alternative income sources

Undergraduate Research Paper

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