A Contingent Valuation Estimation of Hill Recreational and Services Values in Malaysia
AbstractThis study estimates the economic values of household preference for preservation and conservation of hill recreational and services values in Malaysia. The Contingent Valuation technique is employed on 100 randomly selected households in the vicinities of Taman Melawati Hill. The study finds that hill preservation is important and the public is willing to pay for initiatives to mitigate further degradation to this ecosystem. More specifically, the study ascertains that households on average are willing to donate MYR92.40 per annum to the trust fund for hill mitigation management initiatives. This value conveys a total economic value of MYR51.6 million per annum, based on the Selangor state population who are willing to pay for the mitigation cause. This substantial value can help policy makers to identify any mismatch between what the public actually demands and are wiling to pay for and the degradation to the supply due to modern developments.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 23125.
Date of creation: 18 May 2010
Date of revision:
willingness-to-pay; hill recreational and services values; contingent valuation;
Find related papers by JEL classification:
- Q51 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Valuation of Environmental Effects
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-18 (All new papers)
- NEP-ENV-2010-06-18 (Environmental Economics)
- NEP-SEA-2010-06-18 (South East Asia)
- NEP-TUR-2010-06-18 (Tourism Economics)
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