Economic Valuation of Conserving Endangered Species and Their Habitats in the North West Panay Peninsula, Central Philippines
AbstractA Self-Administered-Contingent Valuation Method (SA-CVM) survey was used to determine the non-use values or willingness to pay (WTP) of San Jose, Antique and Kalibo, Aklan respondents on conserving endangered species and habitats of Northwest Panay Peninsula National Park (NWPPNP). The study examined two payment vehicles as regards their potential for soliciting people's WTP and possible financing source for conservation: electric bill surcharge and the annual community tax collected by the local government treasury. The study found that people have high level of awareness of the importance of endangered species conservation but when compared with other environmental concerns, it was perceived as of less priority. When asked for specific (monetary) commitment or WTP to conserve NWPPNP, the majority was unwilling or non-committal. Results also revealed to a low and flat WTP curve, "yea" saying, and some bias toward a certain denomination. Based on the dichotomous choice CVM survey, results confirm the low WTP of respondents since only up to 14 percent were willing to pay for the hypothesized conservation fund for NWPPNP's endangered species and habitats. This is almost the same proportion as those who were willing to pay through either of the payment vehicle groupings. The main motivations for their WTP were bequest and use values. On the other hand, the survivor function estimates of mean WTP showed that the average respondent was willing to pay as contribution to the conservation fund amounts ranging from PhP 122 to PhP 176 per year. These WTP estimates can collect a modest social WTP of PhP 2.7-3.9 million, which is not sufficient to cover the opportunity costs of conservation. Thus, sourcing conservation funds for NWPPNP should go beyond the local residents.
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Bibliographic InfoPaper provided by Economy and Environment Program for Southeast Asia (EEPSEA) in its series EEPSEA Special and Technical Paper with number tp201010t1.
Date of creation: Oct 2010
Date of revision: Oct 2010
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Self-administered-contingent valuation method survey; Willingness to pay (WTP); Northwest Panay Peninsula National Park (NWPPNP); non-use values; denominational bias; yea saying;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-04-02 (All new papers)
- NEP-ENV-2011-04-02 (Environmental Economics)
- NEP-TUR-2011-04-02 (Tourism Economics)
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