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Saving Thailand's Temple: How much are people willing to pay?

Author

Listed:
  • Udomsak Seenprachawong

    (School of Development Economics, National Institute of Development Administration)

Abstract

Ancient temples are among Southeast Asia's most important cultural artifacts. They are priceless in terms of their historical and religious importance. They are also vital foreign currency earners as key destinations for tourists. Unfortunately, many temples are in poor condition and deteriorating. One of the key challenges across the region is how to finance the conservation of this cultural heritage. This study from Thailand has looked at how much Thais would be willing to pay (WTP) to conserve the nation's temples. It finds that, on average, individuals would be willing to make a one-time payment of ZOO Baht (USD 5.30), either as a tax surcharge or as a voluntary donation to finance a preservation program for ten historic temples. Extrapolating these results nationally, it finds that this would produce more than enough money to finance a temple conservation program. The study also proposes the main elements of a national program to preserve historic temples in Thailand.

Suggested Citation

  • Udomsak Seenprachawong, 2006. "Saving Thailand's Temple: How much are people willing to pay?," EEPSEA Policy Brief pb2006124, Economy and Environment Program for Southeast Asia (EEPSEA), revised Dec 2006.
    • Handle: RePEc:eep:pbrief:pb2006124
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    Download full text from publisher

    File URL: http://www.eepsea.org/pub/pb/11703868011UdomsakPB12.pdf
    File Function: First version, 2006
    Download Restriction: no
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    More about this item

    Keywords

    Temple; Thailand;

    JEL classification:

    • Z10 - Other Special Topics - - Cultural Economics - - - General

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