Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia
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 visit...
| Main Authors: | , , , , |
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| Format: | Article |
| Language: | English |
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Elsevier
2015
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| Online Access: | http://psasir.upm.edu.my/id/eprint/43313/1/1-s2.0-S1878029615006428-main.pdf |
| _version_ | 1796974317564592128 |
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| author | Mei, Kuang Siew Yacob, Mohd Rusli Radam, Alias Adamu, Abdullahi Alias, Emmy Farha |
| author_facet | Mei, Kuang Siew Yacob, Mohd Rusli Radam, Alias Adamu, Abdullahi Alias, Emmy Farha |
| author_sort | Mei, Kuang Siew |
| collection | UPM |
| description | 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 |
| first_indexed | 2024-03-06T08:55:18Z |
| format | Article |
| id | upm.eprints-43313 |
| institution | Universiti Putra Malaysia |
| language | English |
| last_indexed | 2024-03-06T08:55:18Z |
| publishDate | 2015 |
| publisher | Elsevier |
| record_format | dspace |
| spelling | upm.eprints-433132016-05-03T06:42:47Z http://psasir.upm.edu.my/id/eprint/43313/ Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia Mei, Kuang Siew Yacob, Mohd Rusli Radam, Alias Adamu, Abdullahi Alias, Emmy Farha 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 Elsevier 2015 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/43313/1/1-s2.0-S1878029615006428-main.pdf 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 http://www.sciencedirect.com/science/article/pii/S1878029615006428 10.1016/j.proenv.2015.10.048 |
| spellingShingle | Mei, Kuang Siew Yacob, Mohd Rusli Radam, Alias Adamu, Abdullahi Alias, Emmy Farha Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title | Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title_full | Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title_fullStr | Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title_full_unstemmed | Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title_short | Estimating willingness to pay for Wetland conservation: a contingent valuation study of Paya Indah Wetland, Selangor Malaysia |
| title_sort | estimating willingness to pay for wetland conservation a contingent valuation study of paya indah wetland selangor malaysia |
| url | http://psasir.upm.edu.my/id/eprint/43313/1/1-s2.0-S1878029615006428-main.pdf |
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