UPM Institutional Repository

Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia


Citation

Akhter, Shammi and Tai, Shzee Yew (2015) Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia. Greener Journal of Economics and Accountancy, 4 (2). pp. 1-13. ISSN 354-2357

Abstract

Though Marine Parks in Malaysia are important to protect important marine resources, however, it is degraded due to human activities. In order to properly manage marine parks, economic valuation is necessary to understand the importance of marine resources conservation activities. In this study, tourist’s willingness to pay (WTP) to protect marine resources at Pulau Perhentian Marine Park (PPMP) was carried out with contingent valuation method. Both single-bounded and double-bounded dichotomous choice contingent valuation methods were used to estimate tourists WTP. A total of 250 tourists were interviewed. The results showed that median WTP ranged between RM17.98 to RM21.72 and based on the number of tourist’s arrivals in 2011, the aggregate benefit at PPMP would be ranged from 1.62 to 1.96 million, respectively. The results of the study could be beneficial to the Marine Park authority in setting appropriate entrance fee at PPMP and taking the adequate conservation activities to protect marine environment and resources to deteriorate further.


Download File

[img]
Preview
PDF (Abstract)
Tourists' willingness to pay for marine resource conservation at Pulau Perhentian Marine Park, Malaysia.pdf

Download (102kB) | Preview
Official URL or Download Paper: http://www.gjournals.org

Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Institute of Agricultural and Food Policy Studies
DOI Number: https://doi.org/10.15580/GJEA.2015.2.012315012
Publisher: Greener Journals
Keywords: Marine parks; Contingent valuation method; Willingness to pay; Dichotomous choice; Conservation
Depositing User: Ms. Nida Hidayati Ghazali
Date Deposited: 01 Feb 2018 10:15
Last Modified: 01 Feb 2018 10:15
Altmetrics: http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.15580/GJEA.2015.2.012315012
URI: http://psasir.upm.edu.my/id/eprint/46749
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item