Measuring the economic values of natural resources along a freeway: a contingent valuation method
Natural resources are often victims of development. On the one hand, a freeway is under construction, while on the other hand there are unique natural resources along the route of the freeway. Both of them are essential to us. Thus, we cannot ignore either of them. The purpose of this study is to fi...
| Main Authors: | , , , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
Taylor & Francis
2014
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| Online Access: | http://psasir.upm.edu.my/id/eprint/34463/1/Measuring%20the%20economic%20values%20of%20natural%20resources%20along%20a%20freeway%20a%20contingent%20valuation%20method.pdf |
| _version_ | 1796972510020894720 |
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| author | Hejazi, Rokhshad Shamsudin, Mad Nasir Abdul Rahim, Khalid Radam, Alias Yazdani, Saeed Zaiton Ibrahim, Zelina Vakilpoor, Mohammad Hassan Shamshiry, Elmira |
| author_facet | Hejazi, Rokhshad Shamsudin, Mad Nasir Abdul Rahim, Khalid Radam, Alias Yazdani, Saeed Zaiton Ibrahim, Zelina Vakilpoor, Mohammad Hassan Shamshiry, Elmira |
| author_sort | Hejazi, Rokhshad |
| collection | UPM |
| description | Natural resources are often victims of development. On the one hand, a freeway is under construction, while on the other hand there are unique natural resources along the route of the freeway. Both of them are essential to us. Thus, we cannot ignore either of them. The purpose of this study is to find the monetary equivalent of the natural resources in response to a challenge between environment and development. Dealing with non-use values, we apply the contingent valuation method (CVM). Our results show that the mean of willingness to pay (WTP) is US$1.84 per household for supporting natural resources along the route of the freeway. Total WTP for supporting natural resources along the route of the freeway is US$77 million annually. The findings indicate that Iranian people have a high sensitivity for supporting natural resources along the route of the freeway. Hence, the government should give more attention to natural resources along the freeway and change its route. |
| first_indexed | 2024-03-06T08:29:05Z |
| format | Article |
| id | upm.eprints-34463 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:29:05Z |
| publishDate | 2014 |
| publisher | Taylor & Francis |
| record_format | dspace |
| spelling | upm.eprints-344632020-06-15T07:33:16Z http://psasir.upm.edu.my/id/eprint/34463/ Measuring the economic values of natural resources along a freeway: a contingent valuation method Hejazi, Rokhshad Shamsudin, Mad Nasir Abdul Rahim, Khalid Radam, Alias Yazdani, Saeed Zaiton Ibrahim, Zelina Vakilpoor, Mohammad Hassan Shamshiry, Elmira Natural resources are often victims of development. On the one hand, a freeway is under construction, while on the other hand there are unique natural resources along the route of the freeway. Both of them are essential to us. Thus, we cannot ignore either of them. The purpose of this study is to find the monetary equivalent of the natural resources in response to a challenge between environment and development. Dealing with non-use values, we apply the contingent valuation method (CVM). Our results show that the mean of willingness to pay (WTP) is US$1.84 per household for supporting natural resources along the route of the freeway. Total WTP for supporting natural resources along the route of the freeway is US$77 million annually. The findings indicate that Iranian people have a high sensitivity for supporting natural resources along the route of the freeway. Hence, the government should give more attention to natural resources along the freeway and change its route. Taylor & Francis 2014 Article PeerReviewed text en http://psasir.upm.edu.my/id/eprint/34463/1/Measuring%20the%20economic%20values%20of%20natural%20resources%20along%20a%20freeway%20a%20contingent%20valuation%20method.pdf Hejazi, Rokhshad and Shamsudin, Mad Nasir and Abdul Rahim, Khalid and Radam, Alias and Yazdani, Saeed and Zaiton Ibrahim, Zelina and Vakilpoor, Mohammad Hassan and Shamshiry, Elmira (2014) Measuring the economic values of natural resources along a freeway: a contingent valuation method. Journal of Environmental Planning and Management, 57 (4). pp. 629-641. ISSN 0964-0568; ESSN: 1360-0559 http://www.tandfonline.com/doi/abs/10.1080/09640568.2012.758628 10.1080/09640568.2012.758628 |
| spellingShingle | Hejazi, Rokhshad Shamsudin, Mad Nasir Abdul Rahim, Khalid Radam, Alias Yazdani, Saeed Zaiton Ibrahim, Zelina Vakilpoor, Mohammad Hassan Shamshiry, Elmira Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title | Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title_full | Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title_fullStr | Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title_full_unstemmed | Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title_short | Measuring the economic values of natural resources along a freeway: a contingent valuation method |
| title_sort | measuring the economic values of natural resources along a freeway a contingent valuation method |
| url | http://psasir.upm.edu.my/id/eprint/34463/1/Measuring%20the%20economic%20values%20of%20natural%20resources%20along%20a%20freeway%20a%20contingent%20valuation%20method.pdf |
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