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An Economic Analysis of Coral Reefs in the Andaman Sea of Thailand

Author

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  • Udomsak Seenprachawong

    (School of Economics, Sukhothai Thammathirat Open University)

Abstract

The focus of this study is the valuation of coral reefs and how this information can be used to improve planning for coral reef management in Thailand. The site analysed, Phi Phi Islands, is rich in reef systems and is envisioned as an eco-tourism destination by government planners. Phi Phi can generate large economic values through recreation. The consumer surplus estimated by the travel cost method reveals an annual value of 8,216.4 million Baht (US$205.41 million). This study also utilised the contingent valuation method to estimate both the use and non-use values of Phi Phi's coral reefs, representing an annual value of 19,895 million Baht (US$497.38 million).

Suggested Citation

  • Udomsak Seenprachawong, 2001. "An Economic Analysis of Coral Reefs in the Andaman Sea of Thailand," EEPSEA Research Report rr2001092, Economy and Environment Program for Southeast Asia (EEPSEA), revised Sep 2001.
    • Handle: RePEc:eep:report:rr2001092
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    File URL: http://www.eepsea.org/pub/rr/2001_RR7.pdf
    File Function: First version, 2001
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    Citations

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    Cited by:

    1. Himayatullah Khan, 2006. "Willingness to Pay for Margalla Hills National Park: Evidence from the Travel Cost Method," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 11(2), pages 43-70, Jul-Dec.
    2. Doshi, Amar & Pascoe, Sean, 2013. "Investigating the effects of sample heterogeneity on the travel cost model for coral diving in Southeast Asia," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152146, Australian Agricultural and Resource Economics Society.
    3. Raul G. Bradecina, 2016. "Economic Valuation of the Caramoan, Camarines Sur Beachscape: An Environmental Services Payment Scheme for Sustainable Ecotourism," EEPSEA Research Report rr20160333, Economy and Environment Program for Southeast Asia (EEPSEA), revised Mar 2016.

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    Keywords

    Coral reefs; Thailand;

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