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The importance of valuing marine conservation area


Latiff, Norasilah and Mohammad Afandi, Syamsul Herman and Shuib, Ahmad (2015) The importance of valuing marine conservation area. In: International Conference on Natural Resources, Tourism and Services Management 2015, 14-16 Apr. 2015, Hotel Promenade, Kota Kinabalu, Sabah. (pp. 57-64).


Marine ecosystem has highest values especially towards quality of life and country economic growth. Basically, the function of marine ecosystem can be classified into three groups: economic (resorts, chalet and hotels), social (recreational activities) and environmental. Development of resorts, recreational activities, offshore and aquaculture activities are few of examples. The poor management, unplanned, and over exploitation can damage the marine ecosystem. This paper focus is to review the importance of valuing marine resources. Besides, this paper aims to review the useful method that can be applied to generate the values of marine resources by using economic valuation method and the validity of a method based on previous studies. Based on the previous studies, economic valuation classified into non-market stated preferences method and market based revealed preferences method. In each group they have provided several methods, i.e. Market price method, productivity method, hedonic pricing method, travel cost method, contingent valuation method, contingent choice method, benefit transfer method. Therefore, the value can be used as a conversion of a quantity, quality and the changes of price (monetary value). At the end of this paper, it can be used as a future references, especially in the scope of valuing of marine conservation area.

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Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Forestry
Institute of Agricultural and Food Policy Studies
Institute of Tropical Forestry and Forest Products
Publisher: Institut Kajian Dasar Pertanian dan Makanan, Universiti Putra Malaysia
Keywords: Marine resource; Economic valuation method; Marine conservation; Tourism
Depositing User: Erni Suraya Abdul Aziz
Date Deposited: 29 Sep 2015 08:24
Last Modified: 28 Jul 2016 03:35
URI: http://psasir.upm.edu.my/id/eprint/40922
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