Applying contingent valuation in China to measure the total economic value of restoring ecosystem services in Ejina region

Applying contingent valuation in China to measure the total economic value of restoring ecosystem... This paper reports an attempt to apply the Contingent Valuation Method (CVM) in rural China. The CVM was used to obtain estimates of willingness to pay for restoring Ejina ecosystem services. In our survey, we used a payment card format and a 12-page survey booklet with maps depicting the reasons why Ejina ecosystem deteriorated, the means by which ecosystem services could be restored from their current level. We used an in-person interview along with the survey booklet. We employed a parametric model to estimate the benefits of restoring Ejina ecosystem. Results from 700 in-person interviews indicate that households would pay an average of 19.37 (RMB) per year with 20.78 per household for the main river area, and 16.41 per household for the rest of Hei basin. The aggregate benefit to residents of the Hei basin is 8.84 million annually for 20 years. Taking into account an environmental discount rate calculated by using respondent's equivalent utility between periodical payments and lump sum payments, the present value of aggregate benefit of restoring Ejina ecosystem is 55.33 million. These results suggest that the general public in Hei Valley would be willing to pay to restore the Ejina ecosystem, although this amount is substantially less than the estimated costs of restoration. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Ecological Economics Elsevier

Applying contingent valuation in China to measure the total economic value of restoring ecosystem services in Ejina region

Loading next page...
 
/lp/elsevier/applying-contingent-valuation-in-china-to-measure-the-total-economic-sldoU0Fh8g
Publisher
Elsevier
Copyright
Copyright © 2002 Elsevier Science B.V.
ISSN
0921-8009
D.O.I.
10.1016/S0921-8009(02)00280-X
Publisher site
See Article on Publisher Site

Abstract

This paper reports an attempt to apply the Contingent Valuation Method (CVM) in rural China. The CVM was used to obtain estimates of willingness to pay for restoring Ejina ecosystem services. In our survey, we used a payment card format and a 12-page survey booklet with maps depicting the reasons why Ejina ecosystem deteriorated, the means by which ecosystem services could be restored from their current level. We used an in-person interview along with the survey booklet. We employed a parametric model to estimate the benefits of restoring Ejina ecosystem. Results from 700 in-person interviews indicate that households would pay an average of 19.37 (RMB) per year with 20.78 per household for the main river area, and 16.41 per household for the rest of Hei basin. The aggregate benefit to residents of the Hei basin is 8.84 million annually for 20 years. Taking into account an environmental discount rate calculated by using respondent's equivalent utility between periodical payments and lump sum payments, the present value of aggregate benefit of restoring Ejina ecosystem is 55.33 million. These results suggest that the general public in Hei Valley would be willing to pay to restore the Ejina ecosystem, although this amount is substantially less than the estimated costs of restoration.

Journal

Ecological EconomicsElsevier

Published: Mar 1, 2003

References

You’re reading a free preview. Subscribe to read the entire article.


DeepDyve is your
personal research library

It’s your single place to instantly
discover and read the research
that matters to you.

Enjoy affordable access to
over 18 million articles from more than
15,000 peer-reviewed journals.

All for just $49/month

Explore the DeepDyve Library

Search

Query the DeepDyve database, plus search all of PubMed and Google Scholar seamlessly

Organize

Save any article or search result from DeepDyve, PubMed, and Google Scholar... all in one place.

Access

Get unlimited, online access to over 18 million full-text articles from more than 15,000 scientific journals.

Your journals are on DeepDyve

Read from thousands of the leading scholarly journals from SpringerNature, Elsevier, Wiley-Blackwell, Oxford University Press and more.

All the latest content is available, no embargo periods.

See the journals in your area

DeepDyve

Freelancer

DeepDyve

Pro

Price

FREE

$49/month
$360/year

Save searches from
Google Scholar,
PubMed

Create lists to
organize your research

Export lists, citations

Read DeepDyve articles

Abstract access only

Unlimited access to over
18 million full-text articles

Print

20 pages / month

PDF Discount

20% off