Citation
Mei, Kuang Siew and Yacob, Mohd Rusli and Radam, Alias and Adamu, Abdullahi and Alias, Emmy Farha
(2015)
Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia.
Procedia Environmental Sciences, 30.
pp. 268-272.
ISSN 1878-0296
Abstract
The objective of this study is to estimate the visitors’ willingness to pay (WTP) for conservation of Paya Indah Wetlands (PIW) using Contingent Valuation Method (CVM). Respondents were randomly selected for data collection through face-to-face interview. A logit model was used to estimate the visitors’ WTP entrance fee to PIW. The study results indicated that visitors’ level of income and bid price were the significant factors influencing visitors’ WTP. The mean WTP amount obtained was RM 7.12 per visitor. The findings also showed that the expected benefit of conservation program in PIW was estimated at RM 630,768 in 2012
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Additional Metadata
| Item Type: | Article |
|---|---|
| Divisions: | Faculty of Economics and Management Faculty of Environmental Studies Institute of Agricultural and Food Policy Studies |
| DOI Number: | https://doi.org/10.1016/j.proenv.2015.10.048 |
| Publisher: | Elsevier |
| Keywords: | Economic valuation; Contingent valuation method; Wetlands; Willingness to pay; Paya Indah Wetlands |
| Depositing User: | Mas Norain Hashim |
| Date Deposited: | 03 May 2016 04:26 |
| Last Modified: | 03 May 2016 06:42 |
| Altmetrics: | http://www.altmetric.com/details.php?domain=psasir.upm.edu.my&doi=10.1016/j.proenv.2015.10.048 |
| URI: | http://psasir.upm.edu.my/id/eprint/43313 |
| Statistic Details: | View Download Statistic |
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