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Willingness to pay for protecting natural environments in Pulau Redang Marine Park, Malaysia


Mamat, Mohd Parid and Yacob, Mohd Rusli and Radam, Alias and Abd. Ghani, Awang Noor and Lim, Hin Fui (2013) Willingness to pay for protecting natural environments in Pulau Redang Marine Park, Malaysia. African Journal of Business Management, 7 (25). art. no. 0B8497137742. pp. 2420-2426. ISSN 1993-8233


Although marine parks, national parks, wildlife sanctuaries and reserves are established to conserve biodiversity and enhance ecotourism, some of the country’s protected areas are under threat whether at varying degree. The biggest threat arises from human encroachment. To rescue these resources, appropriate conservation strategy must be put in place. This requires proper valuation of the environment. Taking Pulau Redang Marine Park (PRMP) as a case, information on people’s willingness to pay (WTP) to protect the environment was gathered. Using the dichotomous-choice contingent-valuation method (CVM), it was found that the recreationists are willing to protect the park. The study showed that the average WTP ranged between RM 10.86 and RM 28.69 that could contribute between RM 1.65 million and RM 4.36 million in aggregate for the year 2008.

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Additional Metadata

Item Type: Article
Divisions: Faculty of Economics and Management
Faculty of Forestry
Publisher: Academic Journals
Keywords: Contingent valuation method; Ecotourism; Marine park; Sustainable development; Conservation and economic valuation; Malaysia
Depositing User: Nabilah Mustapa
Date Deposited: 30 Apr 2015 02:28
Last Modified: 16 Nov 2017 03:37
URI: http://psasir.upm.edu.my/id/eprint/28386
Statistic Details: View Download Statistic

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