IDEAS home Printed from https://ideas.repec.org/a/vrs/enviro/v7y2019i3p54-65n5.html
   My bibliography  Save this article

A more efficient valuation of beaches using tourists’ perspectives and Geographic Information System (GIS): The case of Patenga of Chittagong, Bangladesh

Author

Listed:
  • Bashar Raisa

    (Department of Environmental Science and Management, North South University, SAC 715, South Academic Building, Plot 15, Block B, Bashundhara R/A, Dhaka–1229, Bangladesh)

  • Nandy Ananya

    (Department of Economics, East Delta University, Abdullah Al Noman Road, Noman Society, East Nasirabad, Khulshi, Chittagong–4209, Bangladesh)

Abstract

The valuation of non–marketed goods and services of beaches in developing nations is rarely conducted; thus, lax management efforts at these resource–rich places often lead to degradation. In an attempt to resolve this issue the research used the travel cost valuation method and incorporated the use of geographic information system to estimate a never-before-done non-market valuation of the area visited by respondents at the beach of Patenga of Chittagong, Bangladesh. The uniqueness of the research stems from defining the area enjoyed by the survey respondents, via mapping, which helped assign the value generated to that particular part of Patenga and not the rest; this significantly decreased the underestimation problem of the travel cost methodology. The research used secondary sources and collected responses and geographical data from surveys conducted over a seven day period in March of 2018, from 277 respondents. A value of at least 14,331,044BDT/USD1.71million was estimated for 2018 for only 9% of Patenga. Furthermore, the Willingness to Pay approach was used to propose an entry fee of 15BDT/USD0.18 which would yield a revenue of more than 6,750,000BDT/USD79,882 around the year. The authors believe, these results will push the policy-makers and encourage stakeholder participation to better implement and monitor environmental management measures at Patenga.

Suggested Citation

  • Bashar Raisa & Nandy Ananya, 2019. "A more efficient valuation of beaches using tourists’ perspectives and Geographic Information System (GIS): The case of Patenga of Chittagong, Bangladesh," Environmental & Socio-economic Studies, Sciendo, vol. 7(3), pages 54-65, September.
    • Handle: RePEc:vrs:enviro:v:7:y:2019:i:3:p:54-65:n:5
    DOI: 10.2478/environ-2019-0017
    as

    Download full text from publisher

    File URL: https://doi.org/10.2478/environ-2019-0017
    Download Restriction: no
    File URL: https://libkey.io/10.2478/environ-2019-0017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Islam, K M Nabiul & Islam, Md Nazrul, 2011. "Economics Of Extraction Of Products From Sundar Bans Reserve Forest," Bangladesh Journal of Agricultural Economics, Bangladesh Agricultural University, vol. 34(1-2), pages 29-53, December.
    2. Nick Hanley & Clive L. Spash, 1993. "Cost–Benefit Analysis and the Environment," Books, Edward Elgar Publishing, number 205.
    3. David W. Fischer, 1990. "Public Policy Aspects of Beach Erosion Control," American Journal of Economics and Sociology, Wiley Blackwell, vol. 49(2), pages 185-197, April.
    4. Gopalakrishnan, Sathya & Smith, Martin D. & Slott, Jordan M. & Murray, A. Brad, 2011. "The value of disappearing beaches: A hedonic pricing model with endogenous beach width," Journal of Environmental Economics and Management, Elsevier, vol. 61(3), pages 297-310, May.
    5. Jean Cavailhès & Thierry Brossard & Jean-Christophe Foltête & Mohamed Hilal & Daniel Joly & François-Pierre Tourneux & Céline Tritz & Pierre Wavresky, 2009. "GIS-based hedonic pricing of landscape," Post-Print hal-02668434, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kathrine von Graevenitz & Toke Emil Panduro, 2015. "An Alternative to the Standard Spatial Econometric Approaches in Hedonic House Price Models," Land Economics, University of Wisconsin Press, vol. 91(2), pages 386-409.
    2. Paul Hindsley & Stuart Hamilton & O. Morgan, 2013. "Gulf Views: Toward a Better Understanding of Viewshed Scope in Hedonic Property Models," The Journal of Real Estate Finance and Economics, Springer, vol. 47(3), pages 489-505, October.
    3. Megan Mullin & Martin D. Smith & Dylan E. McNamara, 2019. "Paying to save the beach: effects of local finance decisions on coastal management," Climatic Change, Springer, vol. 152(2), pages 275-289, January.
    4. Jose M. Martínez-Paz & Angel Perni & Federico Martínez-Carrasco, 2013. "Assessment of the Programme of Measures for Coastal Lagoon Environmental Restoration Using Cost--Benefit Analysis," European Planning Studies, Taylor & Francis Journals, vol. 21(2), pages 131-148, February.
    5. Landry, Craig E. & Shonkwiler, J. Scott & Whitehead, John C., 2020. "Economic Values of Coastal Erosion Management: Joint Estimation of Use and Existence Values with recreation demand and contingent valuation data," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    6. Karine Nyborg & Inger Spangen, 2000. "Cost-Benefit Analysis and the Democratic Ideal," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 26, pages 83-93.
    7. Mogaka, Violet Moraa & Mbatia, O.L.E. & Nzuma, Jonathan M., 2012. "Feasibility of Biofuel Production in Kenya: The Case of Jatropha," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126427, International Association of Agricultural Economists.
    8. Catherine L. Kling & Raymond W. Arritt & Gray Calhoun & David A. Keiser, 2016. "Research Needs and Challenges in the FEW System: Coupling Economic Models with Agronomic, Hydrologic, and Bioenergy Models for Sustainable Food, Energy, and Water Systems," Center for Agricultural and Rural Development (CARD) Publications 16-wp563, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    9. Gurluk, Serkan, 2006. "The estimation of ecosystem services' value in the region of Misi Rural Development Project: Results from a contingent valuation survey," Forest Policy and Economics, Elsevier, vol. 9(3), pages 209-218, December.
    10. Martin C. Whitby & W. Neil Adger, 1997. "Natural And Reproducible Capital And The Sustainability Of Land Use In The Uk: A Reply," Journal of Agricultural Economics, Wiley Blackwell, vol. 48(1‐3), pages 454-458, January.
    11. E.C.M. Ruijgrok & E.E.M. Nillesen, 2004. "The Socio-Economic Value of Natural Riverbanks in the Netherlands," Working Papers 2004.64, Fondazione Eni Enrico Mattei.
    12. Spash, Clive L. & Ryan, Anthony M., 2010. "Ecological, Heterodox and Neoclassical Economics: Investigating the Differences," MPRA Paper 26292, University Library of Munich, Germany.
    13. Benjamin Wirth & Andreas Mense, 2014. "Flat Prices, Cell Phone Base Stations, and Network Structure," ERSA conference papers ersa14p1552, European Regional Science Association.
    14. Schilizzi, Steven, 2000. "The economics of ethical behaviour and environmental management," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123729, Australian Agricultural and Resource Economics Society.
    15. Mazur, Kasia & Bennett, Jeffrey W., 2008. "Using focus groups to design a choice modelling questionnaire for estimating natural resource management benefits in NSW," Research Reports 94801, Australian National University, Environmental Economics Research Hub.
    16. Halkos, George E. & Jones, Nikoleta, 2012. "Modeling the effect of social factors on improving biodiversity protection," Ecological Economics, Elsevier, vol. 78(C), pages 90-99.
    17. Aline Chiabai & Ibon Galarraga & Anil Markandya & Unai Pascual, 2013. "The Equivalency Principle for Discounting the Value of Natural Assets: An Application to an Investment Project in the Basque Coast," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 56(4), pages 535-550, December.
    18. Toke Panduro & Bo Thorsen, 2014. "Evaluating two model reduction approaches for large scale hedonic models sensitive to omitted variables and multicollinearity," Letters in Spatial and Resource Sciences, Springer, vol. 7(2), pages 85-102, July.
    19. Cho, Seong-Hoon & Kim, Taeyoung & Larson, Eric R. & Armsworth, Paul R., 2017. "Economies of scale in forestland acquisition costs for nature conservation," Forest Policy and Economics, Elsevier, vol. 75(C), pages 73-82.
    20. Coisnon, Thomas & Oueslati, Walid & Salanié, Julien, 2014. "Urban sprawl occurrence under spatially varying agricultural amenities," Regional Science and Urban Economics, Elsevier, vol. 44(C), pages 38-49.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:vrs:enviro:v:7:y:2019:i:3:p:54-65:n:5. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.sciendo.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.