scholarly journals A CONCEPTUAL FRAMEWORK OF DETERMINING THE PROPERTY VALUE USING ECONOMIC VALUATION METHOD TOWARDS FLOODS DISASTER

2018 ◽  
Author(s):  
Siti Hafsah Zulkarnain ◽  
Muhamad Ali Muhammad Yuzir ◽  
Muhammad Najib Mohamed Razali
Keyword(s):  
Conceptual Framework ◽  
Economic Valuation ◽  
Property Value ◽  
Valuation Method

CRITICAL DETERMINANTS OF HERITAGE PROPERTY VALUE: A CONCEPTUAL FRAMEWORK

2019 ◽  
Vol 17 (9) ◽  
Author(s):  
Normayuni Mat Zin ◽  
Suriatini Ismail ◽  
Junainah Mohamad ◽  
Nurul Hana Adi Maimun ◽  
Fatin Afiqah Md. Azmi
Keyword(s):  
Real Estate ◽  
Conceptual Framework ◽  
Structural Characteristics ◽  
Property Values ◽  
Property Value ◽  
Architectural Styles ◽  
Online Databases ◽  
The Status ◽  
Conference Papers ◽  
Published Research

Real estate is complex in nature, whereby its value is determined by many characteristics. Heritage property is different as compared with non-heritage property, thus; it is essential to identify the heritage property value determinants due to limited published research about it. This paper closes the gap by reviewing the literature to identify the determinants. To achieve this, academic journals and conference papers in online databases from 1974 to 2017 have been reviewed. The results indicated that there are four groups of heritage property value determinants namely; i) transaction characteristics, ii) structural characteristics, iii) spatial characteristics, and iv) historical characteristics. It can be concluded that heritage property values are differentiated by historical characteristics notably on their architectural styles or design and the status of the heritage property itself. This finding should be a useful guidance for the valuers in valuation practice.

scholarly journals CONSUMERS’ WILLINGNESS TO PAY (WTP) OF SPECIAL TAX FOR NON-GREEN VEHICLES TOWARDS ENVIRONMENTAL PERFORMANCE IN MALAYSIA

2019 ◽  
pp. 66-77
Author(s):  
Sharul Shahida Shakrein Safian ◽  
Hanny Zurina Hamzah
Keyword(s):  
Willingness To Pay ◽  
Automotive Industry ◽  
Environmental Performance ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Environmental Issues ◽  
Maximum Level ◽  
Green Technology ◽  
Valuation Method ◽  
Green Vehicles

The use of the green concept in the automotive industry as an energy-efficient transport innovation is still regarded as a new technology in Malaysia. It also has the potential to alleviate environmental issues in order to improve environmental performance in the automotive industry context. As such, the significance of green technology has become a growing concern, especially among developing countries. The purpose of this study is to determine consumers’ willingness to pay for green vehicles towards solving environmental issues in Malaysia. In order to achieve this, the consumers’ willingness to pay (WTP) and their preferences were examined using the contingent valuation method (CVM) as found in previous studies. Data was gathered using survey questionnaires which were distributed among 445 Malaysians so as to know their preferences in terms of green vehicles and green practices. The data was analyzed using the Economic Valuation Method. The result shows that Malaysians are willing to pay the price increase in road tax by 6.49% maximum level for non-green vehicles as well as all control variables included in the doubled-bounded case. On the other hand, for a single-bounded case, the maximum value is 7.91% which is higher as respondents were given single WTP amount for acceptance compared to the double-bounded case when the initial WTP was followed by another different amount.

scholarly journals PENILAIAN EKONOMI PENANGKARAN RUSA DI TAMAN HUTAN RAYA WAN ABDUL RACHMAN (TAHURA WAR) MENGGUNAKAN METODE KESEDIAAN MEMBAYAR

2021 ◽  
Vol 16 (1) ◽  
pp. 37-46
Author(s):  
Kevin Ewaldo Kahimpong
Keyword(s):  
Willingness To Pay ◽  
Sampling Method ◽  
Contingent Valuation Method ◽  
Economic Valuation ◽  
Sustainable Use ◽  
Conservation Education ◽  
Forest Park ◽  
Average Value ◽  
Valuation Method ◽  
To Come

Lampung is one of the provinces that has various tourist objects, one of which is the Deer Breeding in Wan Abdul Rachman (WAR) Grand Forest Park (Tahura). Its use as a tourist attracts visitors to come and have recreation. As one of the efforts for sustainable use, it is necessary to carry out an economic valuation. The purpose of this study was to calculate the willingness to pay visitors to the Deer Breeding in Tahura WAR using the willingness to pay method and to estimate the revenue received from the tourist attraction of Tahura WAR Deer Captivity. The method used in this research is the willingness to pay method with the contingent valuation method (CVM) and the total revenue method. The research was conducted from February to March 2020. The respondents selected regarding the purposive sampling method that was 100 people. The results showed that the average value of the willingness to pay visitors in Tahura WAR Deer Breeding was Rp. 12.900,-/person/visit, and acceptance of the Tahura WAR Deer Breeding was Rp. 27.552.00.000,-/year the value obtained from the willingness to pay visitors to a hypothetical market in the form of making deer conservation education packages.

scholarly journals Economic Valuation of Green Electricity Sources in Pakistan

2020 ◽  
Vol 10 (3) ◽  
pp. 47
Author(s):  
Muhammad-Jawad Iqbal ◽  
Abdul-Rahim Samad Abdul
Keyword(s):  
Willingness To Pay ◽  
Rural Areas ◽  
Contingent Valuation Method ◽  
Renewable Energy Sources ◽  
Economic Valuation ◽  
Green Electricity ◽  
The Sustainable Development ◽  
Valuation Method ◽  
Bid Price ◽  
The Government

Green electricity, which comes from renewable sources such as wind, hydro and solar, are well appreciated for their being environment friendly. The advantage of these sources are apparent in part of already natural environment. Moreover, this modern form of electricity also contributes in the poverty alleviation in developing countries, which is one of the sustainable development goals (SDG). The objective of this study is to explore electricity consumers’ willingness to pay for the sustainable energy by employing the contingent valuation method (CVM). The respondents were divided into two broad categories of urban and rural consumers. A total of 400 respondents from urban and 405 respondents from rural areas were selected for this study. The CVM calculated the overall price of green electricity for the improvement of environment through increasing the share of electricity from renewable energy sources. The widely used WTP measure double-bounded dichotomous was utilised to elicit the appropriate value of green electricity from the bid price. The results from the logit regressions showed that the respondents with high income and a higher level of education are willing to pay more for green electricity in both urban and rural models. However, results also revealed that the willingness to pay for green electricity is high in younger people than older people. The mean willingness to pay has found 0.33 cents per kWh in the urban model, while is 0.24 in the rural model. The results provided a guideline to the government to charge an appropriate surcharge from the consumers in order to enhance the share of green electricity in energy mix.

scholarly journals Economic Valuation of Oil Palm Plantation Investment in Swamp Area of Tapin Regency, South Kalimantan, Indonesia

2016 ◽  
Vol 10 (7) ◽  
pp. 22
Author(s):  
Hamdani Hamdani
Keyword(s):  
Oil Palm ◽  
Net Present Value ◽  
Economic Valuation ◽  
Environmental Cost ◽  
Cost Ratio ◽  
Benefit Cost Ratio ◽  
Financial Valuation ◽  
Oil Palm Plantation ◽  
Valuation Method ◽  
Benefit Cost

This study describes the companies’ feasibility determination on oil palm plantation investment. We also compare it with the oil palm plantation in swamp area, by considering economic, social and environmental aspects. We used total valuation method to valuing the environmental value of swamp area. Otherwise, investment analyzed by the model of benefit cost ratio (BCR), net present value (NPV), and internal rate of return (IRR). The study showed that the financial valuation of investment feasibility that is made and proposed by the plantation companies to banks (creditors), did not account the land value (economic, social and environmental values) of swamp ecosystems. The assessment on swampland value obtained Rp232, 570,833,400 or US$24,481 million per year for 10,000 ha area – US$2,448 per ha each year. Although the total value of economic environment is included in the valuation element of oil palm plantation investment in swampland, it still result insufficient value. However, by sensitivity analysis scenario of swampland plantation would become sufficient if the Crude Palm Oil (CPO) price is above US$1300 per ton. It also has a second scenario if the environmental cost can be pressed optimally into Rp9, 025,541 or US$950 per ha per year.

scholarly journals Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies

2020 ◽  
Vol 12 (11) ◽  
pp. 4784 ◽  
Author(s):  
George Halkos ◽  
Aikaterini Leonti ◽  
Eleni Sardianou
Keyword(s):  
Contingent Valuation ◽  
Contingent Valuation Method ◽  
Empirical Studies ◽  
Economic Valuation ◽  
Urban Parks ◽  
Pure Oxygen ◽  
Natural Protected Areas ◽  
Goods And Services ◽  
Valuation Method ◽  
Protest Responses

The existence of parks is particularly important and offers many benefits both to the environment and to humans. Parks are recreational spaces, which contribute to the improvement of the microclimate, reduce atmospheric pollution and protect biodiversity. Their importance for the urban environment is even greater because they offer pure oxygen to the city and people feel close to nature in them. The aim of this study is to review studies which took place globally as well as in Greece, relying on the Contingent Valuation Method (CVM) for parks. The reason that this method is used is the valuation of non-market goods and services through the development of a hypothetical market. Additionally, a distinction is made among previous empirical studies depending on the nature of the parks and the country where the survey was conducted, while the disadvantages that must be considered from the use of Contingent Valuation Method are mentioned. According to the findings of the literature review, studies using Contingent Valuation in Greece, particularly in the case of urban parks, are limited. As far as we know, the valuation of existing urban parks has not yet been studied, so this could be a field for further research. The economic valuation of parks in a country like Greece, which suffered with the financial crisis, can lead to conclusions about the value that citizens attribute to parks and the identification of possible protest responses.

Valuing the soil natural capital: a New Zealand case study

Soil Research ◽  
2013 ◽  
Vol 51 (4) ◽  
pp. 278 ◽  
Author(s):  
Oshadhi Samarasinghe ◽  
Suzie Greenhalgh
Keyword(s):  
New Zealand ◽  
Natural Capital ◽  
Economic Valuation ◽  
Rooting Depth ◽  
Land Values ◽  
Valuation Method ◽  
Land Valuation ◽  
Farmland Values ◽  
Complex Relationships

Inherent characteristics of soil and land valuation data are used to examine the relationship between soil characteristics and rural farmland values to value soil natural capital in the 6000 km2 Manawatu catchment in New Zealand. The study applies a widely used economic valuation method to determine whether the value of inherent characteristics of soils is reflected in land values. We find empirical evidence that the characteristics used to describe soil natural capital stock, e.g. gravel class, drainage class, potential rooting depth, and profile available water, are reflected in rural land values. Moreover, we find that these characteristics of soil stocks do not behave simply as independent variables but that there are complex relationships between them influencing their value.

An economic valuation of ecosystem services provided by the River Turia Natural Park (Valencia)

2019 ◽  
Vol 18 (2) ◽  
pp. 93
Author(s):  
V. Estruch-Guitart ◽  
A. Valls-Civera
Keyword(s):  
Ecosystem Services ◽  
Analytical Hierarchy Process ◽  
Ethical Issues ◽  
Economic Valuation ◽  
Economic Value ◽  
Analytic Network Process ◽  
Valuation Method ◽  
Natural Park ◽  
Network Process ◽  
Hierarchy Process

<p>The objective of this paper is to obtain the monetary value of ecosystem services provided by the Turia Natural Park (TNP). This paper proposes the use of the Analytic Multicriteria Valuation Method (AMUVAM) by replacing the Analytical Hierarchy Process (AHP) with the Analytic Network Process (ANP), since the ANP method allows to analyze interdependence relationships between the services provided by a system. The results express that the economic value of the ecosystem services associated to the TNP ranges between 163,946,752 € and 481,549,597 €. The results reveal distinct patterns in the valuation of the existing services due to ethical issues.</p>

Sign in / Sign up

Export Citation Format

Share Document