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Valuing mangrove resources in Kosrae, Micronesia

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  • NAYLOR, ROSAMOND
  • DREW, MARK
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    Abstract

    Mangrove ecosystems provide a wide range of market and non-market benefits to coastal communities in the developing world, yet they remain undervalued and overexploited in most regions where they are found. This paper analyzes the use and value of mangroves in Kosrae, Micronesia, where the population is largely dependent on the swamps for fuelwood and other ecosystem services, such as erosion control, storm protection, and nutrient flows to shoreline fisheries. The results show that mangroves on the island are worth between $666 thousand and $1 million per year (1996 prices) based on the net value of marketable products alone. In addition, household survey data suggest that the local people are willing to pay between $1 million and $1.26 million per year to protect and use mangrove swamps indefinitely. The results thus indicate that the population places some premium on the existence and indirect ecosystem services of mangroves, over and above the direct use values. Moreover, respondents generally favored and were willing to pay more for a tax system designed to manage and preserve the mangroves' direct and indirect services over a permit system focused only the allocation of direct use over time. Valuation analyses using revealed preference and contingent valuation methods lead to additional conclusions regarding the distribution of benefits, with poor households deriving more direct benefits from but willing to pay less to protect mangrove ecosystems.

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    Bibliographic Info

    Article provided by Cambridge University Press in its journal Environment and Development Economics.

    Volume (Year): 3 (1998)
    Issue (Month): 04 (October)
    Pages: 471-490

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    Handle: RePEc:cup:endeec:v:3:y:1998:i:04:p:471-490_00

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    Cited by:
    1. Edward B. Barbier, 2007. "Valuing ecosystem services as productive inputs," Economic Policy, CEPR;CES;MSH, CEPR;CES;MSH, vol. 22, pages 177-229, 01.
    2. Sonja S. Teelucksingh & Paulo A.L.D. Nunes, 2010. "Biodiversity Valuation in Developing Countries: A Focus on Small Island Developing States (SIDS)," Working Papers, Fondazione Eni Enrico Mattei 2010.111, Fondazione Eni Enrico Mattei.
    3. Huitric, Miriam & Folke, Carl & Kautsky, Nils, 2002. "Development and government policies of the shrimp farming industry in Thailand in relation to mangrove ecosystems," Ecological Economics, Elsevier, Elsevier, vol. 40(3), pages 441-455, March.
    4. Ian Bateman & Georgina Mace & Carlo Fezzi & Giles Atkinson & Kerry Turner, 2011. "Economic Analysis for Ecosystem Service Assessments," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 48(2), pages 177-218, February.
    5. Ronnback, Patrik, 1999. "The ecological basis for economic value of seafood production supported by mangrove ecosystems," Ecological Economics, Elsevier, Elsevier, vol. 29(2), pages 235-252, May.
    6. James Sanchirico & Michael Springborn, 2011. "How to Get There From Here: Ecological and Economic Dynamics of Ecosystem Service Provision," Environmental & Resource Economics, European Association of Environmental and Resource Economists, European Association of Environmental and Resource Economists, vol. 48(2), pages 243-267, February.
    7. Tuan, Tran Hu & Lindhjem, Henrik, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," MPRA Paper 11470, University Library of Munich, Germany.

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