Using Contingent Valuation to Determine Australian Tourists' Values for Forest Conservation in Vanuatu
AbstractPressure from developed nations for forest areas in developing countries to be set aside from logging is indicative of an international demand for forest conservation. In this study, the Contingent Valuation Method is used to estimate the value that Australian tourists place on the conservation of two rainforest areas in the Republic of Vanuatu. The study found that Australian visitors to Vanuatu would be willing to pay around $403 000 per annum to protect the rainforest sites, and that such a value was sufficient to cover the costs of lease agreements to ensure the exclusion of logging activities from these areas. This information is useful to the Government of Vanuatu, both in deciding the future use of the areas under consideration and in the development of an institutional structure to provide for the conservation option. The application of the Contingent Valuation Method in the context of estimating the value of a non-marketed environmental benefit in a developing country, provides useful lessons for future applications of the technique.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 26 (1996)
Issue (Month): 2 (September)
Contact details of provider:
Postal: GPO Box 2434, BRISBANE QLD 4001
Web page: http://www.journals.elsevier.com/economic-analysis-and-policy/
More information through EDIRC
Find related papers by JEL classification:
- L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Sonja S. Teelucksingh & Paulo A.L.D. Nunes, 2010. "Biodiversity Valuation in Developing Countries: A Focus on Small Island Developing States (SIDS)," Working Papers 2010.111, Fondazione Eni Enrico Mattei.
- Rolfe, John & Bennett, Jeff & Louviere, Jordan, 2000. "Choice modelling and its potential application to tropical rainforest preservation," Ecological Economics, Elsevier, vol. 35(2), pages 289-302, November.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Manuela Torgler).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.