IDEAS home Printed from https://ideas.repec.org/a/eee/marpol/v33y2009i1p128-136.html
   My bibliography  Save this article

Financing marine protected areas in Jamaica: An exploratory study

Author

Listed:
  • Reid-Grant, Kimesha
  • Bhat, Mahadev G.

Abstract

The establishment of marine protected areas (MPA) has been a common government response to increasing fishing, tourism and other human activities that lead to decline in coral and marine resources. MPAs often suffer inadequacy of funds and simply become "paper parks". This study makes a case for the feasibility of a self-financing mechanism for MPAs by estimating potential surplus benefit that recreational users may gain from MPAs in Jamaica. These same recreational users in turn, might be willing to pay a small portion of that gain toward the management costs. With the help of a travel cost model and the visitors' willingness to pay (WTP) estimates, we show that the management costs of the park amount to a negligible amount; less than 0.1% of the annual total WTP. Furthermore, using these WTP estimates and the findings from other stakeholders' surveys (hotels, tour operators, etc.), the paper provides insights on user-supported funding policies, such as taxes and fees, which might sustain the operations of MPAs in Jamaica and the broader Caribbean region.

Suggested Citation

  • Reid-Grant, Kimesha & Bhat, Mahadev G., 2009. "Financing marine protected areas in Jamaica: An exploratory study," Marine Policy, Elsevier, vol. 33(1), pages 128-136, January.
  • Handle: RePEc:eee:marpol:v:33:y:2009:i:1:p:128-136
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0308-597X(08)00092-4
    Download Restriction: Full text for ScienceDirect subscribers only

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Chaikumbung, Mayula & Doucouliagos, Hristos & Scarborough, Helen, 2016. "The economic value of wetlands in developing countries: A meta-regression analysis," Ecological Economics, Elsevier, vol. 124(C), pages 164-174.
    2. Lee K. Cerveny & Anna Miller & Scott Gende, 2020. "Sustainable Cruise Tourism in Marine World Heritage Sites," Sustainability, MDPI, Open Access Journal, vol. 12(2), pages 1-24, January.
    3. 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.
    4. Mahadev Bhat & Ramachandra Bhatta & Mohamed Shumais, 2014. "Sustainable funding policies for environmental protection: the case of Maldivian atolls," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(1), pages 45-67, January.
    5. Schuhmann, Peter W. & Mahon, Robin, 2015. "The valuation of marine ecosystem goods and services in the Caribbean: A literature review and framework for future valuation efforts," Ecosystem Services, Elsevier, vol. 11(C), pages 56-66.
    6. Chen, Jyun-Long & Chen, Jun-Yu & Chuang, Ching-Ta & Lu, Hsueh-Jung & Liu, Hsiang-Hsi & Lin, Yu-Shang, 2014. "Developing a co-management financing mechanism to enhance the financial sustainability of marine protected areas in Taiwan," Marine Policy, Elsevier, vol. 48(C), pages 126-133.
    7. Stefanski, Stephanie F. & Villasante, Sebastian, 2015. "Whales vs. gulls: Assessing trade-offs in wildlife and waste management in Patagonia, Argentina," Ecosystem Services, Elsevier, vol. 16(C), pages 294-305.
    8. Voltaire, Louinord, 2017. "Pricing Future Nature Reserves Through Contingent Valuation Data," Ecological Economics, Elsevier, vol. 135(C), pages 66-75.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:marpol:v:33:y:2009:i:1:p:128-136. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Haili He). General contact details of provider: http://www.elsevier.com/locate/marpol .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.