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Economic valuation of the non-use attributes of a south-western coastal wetland in Bangladesh

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  • Prosun Kumar Ghosh
  • M. Shahjahan Mondal

Abstract

Being located in the south-western hydrological region of Bangladesh, Chanda Beel, a coastal freshwater wetland, is threatened by over-exploitation of resources. Therefore, this study made an attempt to estimate the non-use values of the wetland to realise its hidden values. The study used the contingent valuation method (CVM) method to place a value on the non-use attributes of the wetland and the results show that the non-use value is approximately US$ 0.48 million annually. The effects of socio-economic factors on willingness to pay (WTP) were also examined. Finally, the paper concludes that the estimated non-use values need to be incorporated for a better management of the wetland resources.

Suggested Citation

  • Prosun Kumar Ghosh & M. Shahjahan Mondal, 2013. "Economic valuation of the non-use attributes of a south-western coastal wetland in Bangladesh," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 56(9), pages 1403-1418, November.
    • Handle: RePEc:taf:jenpmg:v:56:y:2013:i:9:p:1403-1418
    DOI: 10.1080/09640568.2012.724667
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    References listed on IDEAS

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    1. Guy Garrod & Kenneth G. Willis, 1999. "Economic Valuation of the Environment," Books, Edward Elgar Publishing, number 1368.
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    2. Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2022. "Determinants of willingness to pay for entrance to urban parks: A quantile regression analysis," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 421-431.
    3. Ndebele, Tom & Forgie, Vicky, 2017. "Estimating the economic benefits of a wetland restoration programme in New Zealand: A contingent valuation approach," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 75-89.
    4. Honggen Zhu & Zhengfei Guan & Xuan Wei, 2016. "Factors Influencing Farmers’ Willingness to Participate in Wetland Restoration: Evidence from China," Sustainability, MDPI, vol. 8(12), pages 1-12, December.
    5. Fonseca, Ana Margarida P. & Marques, Carlos A.F. & Pinto-Correia, Teresa & Guiomar, Nuno & Campbell, Daniel E., 2019. "Emergy evaluation for decision-making in complex multifunctional farming systems," Agricultural Systems, Elsevier, vol. 171(C), pages 1-12.

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