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A proposed of ecosystem valuation approach for river using Contingent Valuation

Author

Listed:
  • Muhammad Najib Razali
  • Muaz Muzir
  • Muhammad Yusaimi Hamid
  • Rohaya Abdul Jalil

Abstract

This study attempts to propose ecosystem valuation approach for river by using contingent valuation. This study offers a thorough yet straightforward and useful framework for valuing ecosystem products and services. In addition, this study provides a survey based on contingent valuation methodology for estimating the non-use benefits of Malaysia's Johor River's improvement in ecosystem services. As far as the literature review is concerned this will be the first study of such kind in Malaysia. This study is also unique because it will utilise the freely available satellite data and advanced image classification technique of deep learning to classify different land use types. This study combineD economic valuation of ecosystem services to better highlight the importance of ecosystem services. The study findings on spatial and temporal distribution of ecosystem services can help guide future land-use policy i.e development of appropriate land use options and water resources management to enhance ecosystem services.

Suggested Citation

  • Muhammad Najib Razali & Muaz Muzir & Muhammad Yusaimi Hamid & Rohaya Abdul Jalil, 2023. "A proposed of ecosystem valuation approach for river using Contingent Valuation," ERES eres2023_25, European Real Estate Society (ERES).
  • Handle: RePEc:arz:wpaper:eres2023_25
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    File URL: https://eres.architexturez.net/doc/oai-eres-id-eres2023-25
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    More about this item

    Keywords

    Contingent Valuation; ecosystem; Malaysia; River;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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