scholarly journals Economic Valuation of Reducing Submerged Marine Debris in South Korea

2020 ◽  
Vol 10 (17) ◽  
pp. 6086
Author(s):  
Se-Jun Jin ◽  
Young-Ju Kwon ◽  
Seung-Hoon Yoo
Keyword(s):  
South Korea ◽  
Sea Level ◽  
Statistical Significance ◽  
Economic Valuation ◽  
Economic Value ◽  
Marine Debris ◽  
Dichotomous Choice ◽  
Marine Life ◽  
Additional Information ◽  
The Government

Submerged marine debris (SMD) scattered between sea level and the bottom of the sea damages the habitats of marine life and threatens its growth in South Korea. The collection of SMD is more difficult and expensive than that of coastal and floating debris. The government is trying to achieve a 33% reduction in SMD by 2023 by expanding its collection, which requires huge additional investments and additional information about the economic value or benefits of the reduction. This article seeks to conduct an economic valuation of the reduction by employing contingent valuation (CV), which asks people to indicate their willingness to pay (WTP) for the reduction. A dichotomous choice CV survey was undertaken with 1000 households by a professional survey firm through person-to-person interviews during July 2019. Overall, people understood the CV questions well and reported the WTP responses for a hypothetical market successfully created with CV. Although 37.9% of interviewees stated zero WTP, the average of the yearly household WTP was estimated as 5523 Korean won (KRW) (USD 4.92). This value ensures statistical significance. The population’s WTP for the reduction would be KRW 110.30 billion (USD 99.75 million) per year over the next five years. It was found that the reduction is socially beneficial since the value was greater than the costs involved in the reduction.

scholarly journals What Value Does the Public Put on Managing and Protecting an Endangered Marine Species? The Case of the Finless Porpoise in South Korea

2020 ◽  
Vol 12 (11) ◽  
pp. 4505
Author(s):  
Ju-Hee Kim ◽  
Joseph Kim ◽  
Seung-Hoon Yoo
Keyword(s):  
South Korea ◽  
Contingent Valuation ◽  
Statistical Significance ◽  
Economic Value ◽  
Marine Species ◽  
Dichotomous Choice ◽  
Finless Porpoise ◽  
The Public ◽  
South Korean ◽  
Public Perspective

In South Korea, the finless porpoise (FP) is one of representative endangered marine species. The country is trying to manage and protect FPs through several costly measures and demands information about what value the public puts on the management and protection. This article, therefore, explores the South Korean public perspective on managing and protecting FP using a contingent valuation (CV) technique. More specifically, the data on the public willingness to pay (WTP) for the management and protection were collected from a CV survey of 1000 households across the country, adopting a dichotomous choice question format. The household yearly WTP for the management and protection was estimated, with statistical significance, to be 2730 KRW (2.32 USD). If this value is expanded to all households in South Korea, the national value amounts to 54.19 billion KRW (46.00 million USD) per annum. This can be interpreted as the economic value or benefit of managing and protecting FP.

scholarly journals VALUASI EKONOMI EKOSISTEM MANGROVE DI WILAYAH PESISIR KABUPATEN MERAUKE

2016 ◽  
Vol 11 (2) ◽  
pp. 147 ◽  
Author(s):  
Maria MD Widiastuti ◽  
Novel Novri Ruata ◽  
Taslim Arifin
Keyword(s):  
Willingness To Pay ◽  
Economic Valuation ◽  
Economic Value ◽  
Mangrove Ecosystem ◽  
Use Value ◽  
Mangrove Forests ◽  
Value Analysis ◽  
Arafura Sea ◽  
Total Economic Value ◽  
The Government

Ekosistem mangrove mengalami tekanan dan penurunan jasa lingkungan diduga karena abrasi dan fenomena alam serta aktivitas masyarakat seperti penggalian pasir di pesisir pantai. Pemerintah telah melakukan upaya konservasi hutan mangrove dengan cara penanaman kembali, namun belum berhasil. Salah satu permasalahan adalah belum atau tidak adanya informasi nilai ekonomi mangrove sebagai dasar penentuan program konservasi. Penelitian ini bertujuan mengetahui nilai ekonomi ekosistem mangrove di pesisir Laut Arafura meliputi 3 distrik yaitu Malind, Merauke dan Naukenjerai. Metode yang digunakan yaitu TEV (Total Economic Value) yang terdiri dari analisis nilai guna langsung menggunakan harga pasar. Nilai guna tidak langsung dan nilai pilihan menggunakan benefit transfer. Nilai non guna yang terdiri dari nilai keberadaan dan nilai pewarisan menggunakan WTP (willingness to pay). Hasil penelitian menunjukkan bahwa nilai ekonomi hutan mangrove di kawasan pesisir pantai Laut Arafura per tahun sebesar Rp. 213.344.656.759,00 (213 Milyar Rupiah) atau setara dengan Rp. 21.075.240,00/ha/tahun atau setara dengan Rp. 8,6 juta rupiah per kepala keluarga. Title: Economic Valuation In The Coastal Mangrove Ecosystem District MeraukeEcosystem mangrove in Araufra Coastal had underpressure and decreasing environmental services because of abration as natural phenomena, and unsuistainable community activities such as digging sand on the coast. The Government has made the conservation of mangrove forests by replanting, but has not succeeded. One of the problems is not yet or absence of information about the economic value of mangroves as the basis for determining the conservation program. This study aims to determine the economic value of the mangrove ecosystem in the Arafura Sea coast in three districts: Malind, Merauke and Naukenjerai. The methodology using TEV (Total Economic Value) consisting of direct use value analysis using market prices. Indirect use values and the options value using the benefits transfer. Non-use value consist the existence and bequest value using WTP (willingness to pay). The result showed that the economic value of mangrove forests in the coastal regions of the Arafura Sea is Rp. 213.344.656.759,00 (213 billion rupiah per year) or equivalent with Rp. 21.075.240,00/ha/year, or equivalent with Rp. 8,6 million per household.

scholarly journals The Strategy of Coastal Eco-Tourism Based on Cultural Ecosystem Services Approach: A Case Study in Ciletuh Bay

2021 ◽  
Vol 009 (01) ◽  
pp. 1-15
Author(s):  
Eka Yudhistira ◽  
◽  
Tridoyo Kusumastanto ◽  
Luky Adrianto ◽  
Fredinan Yulianda ◽  
...  
Keyword(s):  
Ecosystem Services ◽  
Social Economic ◽  
Supply And Demand ◽  
Economic Valuation ◽  
Economic Value ◽  
Cultural Ecosystem Services ◽  
Sustainability Research ◽  
The Government ◽  
The Many

Ciletuh Bay has a natural magnificence that attracts local and foreign tourists. Tourist interest was reflected by the many visits demanding the government manage it properly to achieve social, economic, and ecological sustainability. Research on the assessment of cultural ecosystem services in Ciletuh Bay has not been carried out. At the same time, this is necessary for policymakers to maintain sustainable Ciletuh Bay coastal ecotourism. This study aims to estimate the value of cultural ecosystem services in Ciletuh Bay in two ways. The first method is assessing the balance of supply and demand for cultural ecosystem services that adopt the Burkhard Model, namely through individual preferences for the beauty of several types of landscapes in Ciletuh Bay. The second assessment is an economic valuation using the travel cost method (TCM). The results showed that the balance of supply and demand for cultural ecosystem services in Ciletuh Bay contained several types of landscapes in unstable conditions. The economic value of Ciletuh Bay coastal ecotourism is IDR 862,640,124,311.00/year or IDR 77,911,861.00/ha/year.

scholarly journals Valuation of the Aroeira (Myracrodruon urundeuva Allemão): perspectives on conservation

2012 ◽  
Vol 26 (1) ◽  
pp. 125-132 ◽  
Author(s):  
Julio Marcelino Monteiro ◽  
Elcida de Lima Araújo ◽  
Elba Lúcia Cavalcanti Amorim ◽  
Ulysses Paulino de Albuquerque
Keyword(s):  
Willingness To Pay ◽  
Economic Valuation ◽  
Economic Value ◽  
Species Conservation ◽  
Collective Responsibility ◽  
Environmental Policies ◽  
Environmental Conservation ◽  
Northeastern Brazil ◽  
The People ◽  
The Government

Assigning an economic value to a given environmental asset has helped conservation proposals, and valuing these assets at levels comparable to market rates facilitates the establishment of environmental policies. Thus, this research aimed to assess the value of the species Myracrodruon urundeuva Allemão, using the method of contingent valuation to determine the maximum willingness to pay of frequent visitors to the Caruaru Fair, located in northeastern Brazil. Our results show that most interviewees agreed to participate in proposals to support species conservation, although the average willingness to pay (WTP) was relatively low compared to other surveys conducted in Brazil. However, a significant number of the interviewees had exceptionally low monthly incomes. Another relevant aspect of this research was the high number of people (98.5% of the informants) who were concerned about biodiversity conservation; many interviewees stated that the preservation of biodiversity is not a duty exclusive to the government or the people but rather a collective responsibility. Therefore, these findings may encourage the provision of public proposals for environmental conservation, along with other surveys or government actions funded by a society that has the willingness to pay for them. This study is the first economic valuation of a caatinga species, many of which are under threat of extinction.

scholarly journals Economic Value of Building a Firefighter Training Academy for Urban Disaster Management in Seoul, South Korea

2018 ◽  
Vol 10 (12) ◽  
pp. 4613
Author(s):  
Ju-Hee Kim ◽  
Hyo-Jin Kim ◽  
Seung-Hoon Yoo
Keyword(s):  
Disaster Management ◽  
Choice Experiment ◽  
Statistical Significance ◽  
Economic Value ◽  
Present Value ◽  
Operating Period ◽  
Significance Level ◽  
Metropolitan Government ◽  
Urban Disaster ◽  
The Government

The Seoul Metropolitan Government plans to build a new firefighter training academy (FTA) for urban disaster management. The Government needs information about its economic value to determine whether building a FTA is socially desirable. This paper aims to estimate the economic value of the FTA by applying a choice experiment (CE) method through a survey of firefighters who do on-site fire prevention activities in Seoul. The annual economic values of six training centers were estimated using the data from a total of 1658 firefighters who responded to the CE survey questionnaire, with a 1% statistical significance level. The economic value of the FTA amounts to KRW 10.04 billion (USD 8.80 million) annually. Given the 30-year operating period, the present value is KRW 129.86 billion, which can be seen as the economic benefit of building the FTA. The present value of the costs for the construction and operation of the FTA is KRW 54.66 billion (USD 48.30 million). As the benefits outweigh the costs, it can be concluded that it is socially profitable to build the FTA.

scholarly journals TOURISM PRODUCT PACKAGING AND FINANCIAL PERFORMANCE OF TOUR OPERATING COMPANIES IN NAIROBI

2019 ◽  
Vol 4 (1) ◽  
pp. 25
Author(s):  
Joan Wanjiku Waithira ◽  
Dr. Susan Wasike ◽  
Ms. Caroline Mungai
Keyword(s):  
Financial Performance ◽  
Statistical Significance ◽  
Sampling Technique ◽  
Tourism Industry ◽  
P Value ◽  
Policy And Practice ◽  
Product Packaging ◽  
Additional Information ◽  
Tourism Product ◽  
The Government

Purpose: The general objective of the study was to investigate the relationship between tourism product packaging and the financial performance of selected tour operating companies in Nairobi. The specific objectives of the study were to determine, attraction, amenities, accessibility and innovation on the financial performance of tour operating companies in Nairobi.Methodology: This was a descriptive type of research design that was conducted through the study of a population consisting of 291 tour operating companies that are members of Kenya Association of Tour Operators (KATO). The sample consisted of 7 tour operating companies who have been placed in the Category B membership, under the Kenya Association of Tour Operators listing. The study employed the purposive sampling technique to select the sample. The researcher intended to conduct a census on the sample. Questionnaires were the main tools of collecting data. The research used semi - structured instruments so as to ensure that the data collected possessed both quantity and quality attributes. Further, that data collected offered additional information pertaining to the study. The researcher used the SPSS data editor as a tool to facilitate the analysis and presentation of the quantitative data, and a content analysis to check for anomalies in the qualitative data. To estimate the relationships among the independent and dependent variables the researcher used regression analysis.Results: The findings showed that fifty-two-point seven percent (52.7%) of the financial performance of the tour operating companies is explained by the tourism product packaging. There is a significant relationship between tourism product packaging and financial performance of the tour operating firms (p Value= .041). The Beta value for attractions (Beta=.165), amenities (Beta=.329), accessibility (Beta=.292) and innovation (Beta=.353) are positively related to the financial performance of tour operating companies. With regards to their statistical significance, attractions (t=.764, p=.005), accessibility (t=1.767, p=.003) and innovation (t=1.909, p=.040) is significant. However, amenities (t=1.429, p=.156) was not significant.Contribution to theory, policy and practice: The study recommended that there is need for aggressive marketing to be made both to the local and international markets. There is also a need for the government to put efforts in improving the road networks which are leading to the attraction sites. The government needs to review the policies which have been provided to guide the tourism sector. The policies should be strict and implemented in a way that it eliminates the rogue operators who have been in the long time affecting the financial performance of legally registered touring companies. There is also need for awareness creation and training on innovative ideas for improving the tourism industry.  

scholarly journals Economic Valuation of the Komodo National Park West Manggarai Regency, East Nusa Tenggara

2020 ◽  
Vol 7 (5) ◽  
pp. 628
Author(s):  
Hamza H. Wulakada ◽  
Agus A. Nalle ◽  
Fred L. Benu ◽  
Melkianus Tiro
Keyword(s):  
Development Policy ◽  
National Park ◽  
Linear Regression Analysis ◽  
Economic Valuation ◽  
Economic Value ◽  
Consumer Surplus ◽  
Negative Effect ◽  
The Government ◽  
The Cost ◽  
Area Development

The study aims to determine the economic value of Komodo National Park (KNP) is an important information for the community and the government, so that area development policy should still consider the possibility of preservation and sustainability. The breakdown was done by descriptive qualitative and quantitative approach with the method of linear regression analysis. While it is to know the economic value of the attractions the KNP approximated by calculating the value of consumer surplus. The results showed that the factor of the cost of the trip, age of travelers, professional backgrounds and income levels have a significant influence on the level of tourist visits to the KNP. The cost of the trip and the age of the negative effect, while the background of the profession and the level of income give effect to a positive against the rate of tourist visits to the KNP. The Total value of the economic attractions of the KNP is estimated at IDR 60,358,019,952,567,-. Economic value this is the value potential that can be achieved if the management can still be maintained.

scholarly journals Economic Valuation of Vehicle-Grid Integration (VGI) in a Demand Response Application from Each Stakeholder’s Perspective

Energies ◽  
2021 ◽  
Vol 14 (3) ◽  
pp. 761
Author(s):  
Yongma Moon ◽  
Joongseok Ahn ◽  
Wonchang Hur ◽  
Wooje Kim ◽  
Kwangsup Shin
Keyword(s):  
Electric Vehicles ◽  
Demand Response ◽  
Service Providers ◽  
Economic Valuation ◽  
Economic Value ◽  
Grid Integration ◽  
Utility Company ◽  
Utility Companies ◽  
Successful Business ◽  
The Government

Recently, the use of electric vehicles in a power grid has been attracting attention. The success of vehicle-grid integration (VGI) requires the active participation of not only VGI service providers but also electric vehicle owners, utility companies, and the government in the VGI service. However, until now, such research has not been sufficiently discussed. Thus, we propose a framework for analyzing the economic environment in which each stakeholder can participate, especially in the application of a demand response, and derive its economic value in Korea. Also, through the proposed framework, we suggest optimal scenarios and policy directions for each participant’s successful business. Our results show that government and a utility company need to share their benefits with a VGI service provider to make VGI a success.

The Influence of the Parties on Judges

2017 ◽  
Author(s):  
Benjamin Alarie ◽  
Andrew J. Green
Keyword(s):  
Additional Information ◽  
High Courts ◽  
The Government

High courts differ in the processes for choosing who sits on the court, the size and composition of panels, and the cases the court hears. Once the case is before the court, a judge may also be influenced by the parties that appear in the appeal. This chapter examines this influence. The government, for example, tends to be more successful in many cases than other parties. This success may be due, for example, to the government having more resources than other parties or being a repeat player in front of the court. Further, judges seem to at least be modestly influenced by interveners, who are not actually the parties to the appeal but seek to provide additional information. Judges appear to consider the information provided by the interveners in some contexts, though the presence of interveners also appears connected to an increase in the probability of a judge dissenting.

scholarly journals Detection of Rhodococcus fascians, the Causative Agent of Lily Fasciation in South Korea

Pathogens ◽  
2021 ◽  
Vol 10 (2) ◽  
pp. 241
Author(s):  
Joon Moh Park ◽  
Jachoon Koo ◽  
Se Won Kang ◽  
Sung Hee Jo ◽  
Jeong Mee Park
Keyword(s):  
Phylogenetic Analysis ◽  
South Korea ◽  
Nicotiana Benthamiana ◽  
Economic Value ◽  
Virulence Gene ◽  
Economic Losses ◽  
Herbaceous Perennials ◽  
Rhodococcus Fascians ◽  
Different Strains

Rhodococcus fascians is an important pathogen that infects various herbaceous perennials and reduces their economic value. In this study, we examined R. fascians isolates carrying a virulence gene from symptomatic lily plants grown in South Korea. Phylogenetic analysis using the nucleotide sequences of 16S rRNA, vicA, and fasD led to the classification of the isolates into four different strains of R. fascians. Inoculation of Nicotiana benthamiana with these isolates slowed root growth and resulted in symptoms of leafy gall. These findings elucidate the diversification of domestic pathogenic R. fascians and may lead to an accurate causal diagnosis to help reduce economic losses in the bulb market.

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