scholarly journals Shark-diving tourism as a financing mechanism for shark conservation strategies in Malaysia

2017 ◽  
Author(s):  
Gabriel MS Vianna ◽  
Mark G Meekan ◽  
Abbie A Rogers ◽  
Marit E Kragt ◽  
James M Alin ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Economic Value ◽  
Economic Benefits ◽  
Conservation Strategies ◽  
Important Contributor ◽  
Financing Mechanism ◽  
Shark Conservation ◽  
The Government ◽  
Management And Conservation

This study estimated the economic value of the shark-diving industry in Semporna, the most popular diving destination of Malaysia, by surveying the expenditures of diving tourists and dive operators through the region. A willingness-to-pay survey was also used to estimate the potential of the industry as a financing mechanism for enforcement and management of a hypothetical shark sanctuary. The study showed that in 2012, shark-diving tourism provided direct revenues in excess of USD 9.8 million to the Semporna district. These economic benefits had a flow-on effect, generating more than USD 2 million in direct taxes to the government and USD 1.4 million in salaries to the community. A contingent valuation analysis indicated that implementation of a fee paid by divers could generate over USD 2 million for management and enforcement of a shark sanctuary each year. These findings suggest that shark diving is an important contributor to the economy of the Semporna region that could be used as a mechanism to assist financial resourcing for management and conservation strategies.

scholarly journals Shark-diving tourism as a financing mechanism for shark conservation strategies in Malaysia

2017 ◽  
Author(s):  
Gabriel MS Vianna ◽  
Mark G Meekan ◽  
Abbie A Rogers ◽  
Marit E Kragt ◽  
James M Alin ◽  
...  
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Economic Value ◽  
Economic Benefits ◽  
Conservation Strategies ◽  
Important Contributor ◽  
Financing Mechanism ◽  
Shark Conservation ◽  
The Government ◽  
Management And Conservation

This study estimated the economic value of the shark-diving industry in Semporna, the most popular diving destination of Malaysia, by surveying the expenditures of diving tourists and dive operators through the region. A willingness-to-pay survey was also used to estimate the potential of the industry as a financing mechanism for enforcement and management of a hypothetical shark sanctuary. The study showed that in 2012, shark-diving tourism provided direct revenues in excess of USD 9.8 million to the Semporna district. These economic benefits had a flow-on effect, generating more than USD 2 million in direct taxes to the government and USD 1.4 million in salaries to the community. A contingent valuation analysis indicated that implementation of a fee paid by divers could generate over USD 2 million for management and enforcement of a shark sanctuary each year. These findings suggest that shark diving is an important contributor to the economy of the Semporna region that could be used as a mechanism to assist financial resourcing for management and conservation strategies.

scholarly journals Economic value of community forest to local users : A case study from Barandabhar Protected Forest, Chitwan, Nepal

2019 ◽  
Vol 29 (2) ◽  
pp. 20-27
Author(s):  
R. Lamichhane ◽  
A. Sedhain ◽  
M. Maharjan
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Sustainable Management ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Market Price ◽  
Forest Products ◽  
Multiple Regression Model ◽  
Factors Affecting ◽  
Management And Conservation

Barandabhar Protected Forest (PF) has provided numerous goods and services to the people living around the forest. Integrated evaluation of this PF along with its ecological and economic value is required for the conservation and sustainable management of its forest resource. The field study was carried out in two community-managed forests around the Barandabhar PF Market Price Method and Contingent Valuation Method were used to estimate the use and non-use values of the forest. Determination of the local users' willingness to pay for sustainable management and conservation of the natural resources was done through Contingent Valuation Survey. It was administered to 142 users. Multiple Regression Model was used to analyze the factors affecting the users' willingness to pay (WTP) value. The WTP value for the conservation and sustainable management of forest was found to be affected by the income and gender of the users and their time to reach the forest. The study revealed that the women were more willing to pay for the environmental services provided by the forest. Based on the household (HH) survey, the average HH-consumption of the forest products (timber, fodder and fuelwood) was estimated to be worth of NRs. 5,246 (US$ 46. 69) per HH per year and the specific use value of the forest was estimated to be NRs. 15,160,940 (US$134,931. 82) per year. The total WTP value for the sustainable management and conservation of the forests was estimated to be NRs. 1,341,153 (US$11,936. 20) per year; the users' average WTP value for the conservation and sustainable management of the Barandabhar PF being NRs. 589 (US$ 5. 24) per HH per year.  

Benefit-transfer valuation of a cultural heritage site: the Petroglyph National Monument

2009 ◽  
Vol 15 (1) ◽  
pp. 39-57 ◽  
Author(s):  
CARLOS A. ULIBARRI ◽  
VICTOR C. ULIBARRI
Keyword(s):  
Willingness To Pay ◽  
Cultural Heritage ◽  
Cost Benefit Analysis ◽  
Rock Art ◽  
Economic Value ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Benefit Transfer ◽  
National Monument ◽  
Heritage Site

ABSTRACTThis paper applies a household production framework (Becker, 1971) to infer the economic value of a cultural heritage site, namely, the Petroglyph National Monument, situated in Albuquerque, New Mexico, USA. The empirical analysis uses benefit-transfer techniques from three source studies: those of Bergstrom and Cordell (1991) and Boxall et al. (2003), which concern willingness-to-pay to hike and view rock art sites; and those of Rolfe and Windle (2003, 2006), which concern willingness-to-pay by Aboriginal and general populations to preserve a cultural heritage site containing rock art. The benefit-transfer analysis estimates recreational values between 3.75 million and 7 million dollars per year (depending on perceptions of the cultural attribute quality) and a nonuse value of approximately 12.5 million dollars per year. By comparison the annualized costs of developing/operating the study site are 8.5 million dollars per year. Thus a partial cost-benefit analysis suggests the study site yields net economic benefits upwards of 7.8 million dollars per year.

MEASURING THE ECONOMIC BENEFITS FROM THE CONTAMINATED SOIL REMEDIATION POLICY IN KOREA: A CONTINGENT VALUATION STUDY

2016 ◽  
Vol 78 (5-4) ◽  
Author(s):  
Seul-Ye Lim ◽  
Seung-Hoon Yoo
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Soil Remediation ◽  
Contaminated Soil ◽  
Economic Benefits ◽  
Negative Effects ◽  
Public Places ◽  
Contingent Valuation Study ◽  
Spike Model ◽  
Valuation Study

Soil contamination caused by economic growth through industrialization and urbanization has been progressed inKorea. Soil polluted with heavy metals and chemicals makes significantly negative effects on human and wildlife health. This paper attempts to measure the economic benefits from the contaminated soil remediation policy using a specific case study ofKorea. To this end, the contingent valuation (CV) method is employed. A CV national survey of randomly selected 500 households was implemented using person-to-person interviewing in May 2105.  To elicit the willingness to pay (WTP), we apply one-and-one-half bound dichotomous choice question format to reduce the potential for response bias and spike model to deal with zero willingness to pay (WTP). The mean WTP for the policy is estimated to be KRW 1,357 (USD 1.2) for next ten years per household per year and statistically significant at the 1% level. Expanding the value to the national population gives us KRW 25.4 billion (USD 22.9 million) per year. We can judge that the Korean public places a significant value and be utilized in assessing the total benefits from the policy.

scholarly journals A Study on the Value of Preserving a Parasitic Volcanic Sieve as a Tourism Good for Sustainable Management: Using the Contingent Valuation Method

2020 ◽  
Vol 12 (7) ◽  
pp. 2825
Author(s):  
Won Seok Lee
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Causal Relationship ◽  
Sustainable Management ◽  
Contingent Valuation Method ◽  
Economic Value ◽  
Dichotomous Choice ◽  
Valuation Method ◽  
Good For

The purpose of this study is to estimate the economic value of Geomun Oreum (GO), a parasitic volcanic sieve, for sustainable management by using the dichotomous choice contingent valuation method. To address the exaggeration tendency of willingness to pay (WTP), the contingent valuation method’s (CVM’s) traditional threshold, respondents’ WTP answers were reconfirmed to screen only true responses for our analysis. In addition to estimating the economic value, the causal relationship between the tour guide’s quality of explanation and the respondents’ payment intention is examined in the study. The results reveal that the estimated preservation value of GO is 35,881 KRW (33.28 USD), and the quality of the tour guide’s narrative is statistically related to the respondents’ payment intention.

scholarly journals Global economic value of shark ecotourism: implications for conservation

Oryx ◽  
2013 ◽  
Vol 47 (3) ◽  
pp. 381-388 ◽  
Author(s):  
Andrés M. Cisneros-Montemayor ◽  
Michele Barnes-Mauthe ◽  
Dalal Al-Abdulrazzak ◽  
Estrella Navarro-Holm ◽  
U. Rashid Sumaila
Keyword(s):  
Analytical Approach ◽  
Economic Value ◽  
Economic Benefits ◽  
Economic Importance ◽  
The Past ◽  
The World ◽  
Shark Conservation ◽  
Shark Fisheries

AbstractAmid declining shark populations because of overfishing, a burgeoning shark watching industry, already well established in some locations, generates benefits from shark protection. We compile reported economic benefits at shark watching locations and use a meta-analytical approach to estimate benefits at sites without available data. Results suggest that, globally, c. 590,000 shark watchers expend > USD 314 million per year, directly supporting 10,000 jobs. By comparison, the landed value of global shark fisheries is currently c. USD 630 million and has been in decline for most of the past decade. Based on current observed trends, numbers of shark watchers could more than double within the next 20 years, generating > USD 780 million in tourist expenditures around the world. This supports optimistic projections at new sites, including those in an increasing number of shark sanctuaries established primarily for shark conservation and enacted in recognition of the ecological and economic importance of living sharks.

scholarly journals Shark-diving tourism as a financing mechanism for shark conservation strategies in Malaysia

Marine Policy ◽  
2018 ◽  
Vol 94 ◽  
pp. 220-226 ◽  
Author(s):  
Gabriel M.S. Vianna ◽  
Mark G. Meekan ◽  
Abbie A. Rogers ◽  
Marit E. Kragt ◽  
James M. Alin ◽  
...  
Keyword(s):  
Conservation Strategies ◽  
Financing Mechanism ◽  
Shark Conservation

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 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 Smallholder Farmers’ Willingness to Pay for Agricultural Production Cost Insurance in Rural West Java, Indonesia: A Contingent Valuation Method (CVM) Approach

Risks ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 69 ◽  
Author(s):  
Dadang Jainal Mutaqin ◽  
Koichi Usami
Keyword(s):  
Willingness To Pay ◽  
Contingent Valuation ◽  
Agricultural Production ◽  
Production Cost ◽  
Smallholder Farmers ◽  
Contingent Valuation Method ◽  
West Java ◽  
Valuation Method ◽  
Cropping Season ◽  
The Government

To reduce the negative impacts of risks in farming due to climate change, the government implemented agricultural production cost insurance in 2015. Although a huge amount of subsidy has been allocated by the government (80 percent of the premium), farmers’ participation rate is still low (23 percent of the target in 2016). In order to solve the issue, it is indispensable to identify farmers’ willingness to pay (WTP) for and determinants of their participation in agricultural production cost insurance. Based on a field survey of 240 smallholder farmers in the Garut District, West Java Province in August–October 2017 and February 2018, the contingent valuation method (CVM) estimated that farmers’ mean willingness to pay (WTP) was Rp 30,358/ha/cropping season ($2.25/ha/cropping season), which was 16 percent lower than the current premium (Rp 36,000/ha/cropping season = $2.67/ha/cropping season). Farmers who participated in agricultural production cost insurance shared some characteristics: operating larger farmland, more contact with agricultural extension service, lower expected production for the next cropping season, and a downstream area location.

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