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Sustainable financing for ocean and coastal management in Jamaica: The potential for revenues from tourist user fees

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  • Edwards, Peter E.T.

Abstract

This study explores the feasibility of implementing a sustainable funding mechanism for ocean and coastal management in Jamaica. Results show that tourists are more willing to pay for an “environmental tax” than a general “tourism development tax”. The study found that an environmental surcharge of US$2 per person could generate $3.4M per year for management with 0.2% rate of decline in tourist visitation. Negative impacts from the imposition of additional taxes on annual tourist visitation rates could be minimised by providing information on how the revenues from the tax will be allocated for management activities.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 14769.

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Date of creation: Jun 2008
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Handle: RePEc:pra:mprapa:14769

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Keywords: Jamaica reefs; Resource management; Coastal tourism; Tourist user fees;

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  1. Carson, Richard T. & Hanemann, W. Michael, 2006. "Contingent Valuation," Handbook of Environmental Economics, in: K. G. Mäler & J. R. Vincent (ed.), Handbook of Environmental Economics, edition 1, volume 2, chapter 17, pages 821-936 Elsevier.
  2. Giraud, Kelly & Turcin, Branka & Loomis, John & Cooper, Joseph, 2002. "Economic benefit of the protection program for the Steller sea lion," Marine Policy, Elsevier, vol. 26(6), pages 451-458, November.
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Cited by:
  1. Halkos, George, 2012. "The use of contingent valuation in assessing marine and coastal ecosystems’ water quality: A review," MPRA Paper 42183, University Library of Munich, Germany.
  2. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.
  3. Shabbar Jaffry & Alexandros Apostolakis, 2011. "Evaluating individual preferences for the British Museum," Journal of Cultural Economics, Springer, vol. 35(1), pages 49-75, February.

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