Assessing the Economic Values of Temple Forests for the implementation of Payment for Ecosystem Services

Oh, Chi-Ok; Jung, Haeyoung; Joo, Wooyeong

doi:10.15301/jepa.2019.27.1.217

Cited by 2 publications

(1 citation statement)

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“…Chang and Shin [49] assessed forests' economic value by eliciting WTP (USD 500 per hectare) and WTA (USD 2000 per hectare). Oh, Jung, and Joo [50] determined the economic value of ecosystem services provided by temple-owned forests in Korean national parks using CVM. Each household's WTP was USD 4 per year, and the total economic value was estimated at USD 78 million per year.…”

Section: Payment For Ecosystem Servicesmentioning

confidence: 99%

Comparing Stakeholders’ Economic Values for the Institution of Payments for Ecosystem Services in Protected Areas

Kim

Lee

et al. 2023

Land

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In order to maintain the provision of high-quality ecosystem services in wetlands, it is important to protect the ecosystems through the designation of protected areas. However, the process of designating protected areas can potentially give rise to social conflicts or problems by the acquisition of private lands. As an alternative, the institution of payments for ecosystem services (PES) can be a more viable solution. This study intends to propose reasonable contract standards for PES that consider the preferences of both beneficiaries and providers, which are necessary for the successful introduction of PES in wetland protection areas in Korea. In doing so, we employed choice experiments to estimate the willingness to pay (WTP) and willingness to accept (WTA) of different stakeholders. Our findings indicate that both beneficiaries and providers had a positive perception of PES contract terms. Moreover, the WTP and WTA values were comparable, suggesting that the unit price of PES could be determined within a reasonable range. These results can serve as a foundation for acquiring additional funds required for the introduction of PES in wetland protected areas.

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Section: Payment For Ecosystem Servicesmentioning

confidence: 99%

Comparing Stakeholders’ Economic Values for the Institution of Payments for Ecosystem Services in Protected Areas

Kim

Lee

et al. 2023

Land

View full text Add to dashboard Cite

show abstract

Effects of the perceived trustworthiness of the government and connectedness to nature on payments for ecosystem services: A case study of national parks in South Korea

Lee

2021

Journal of Outdoor Recreation and Tourism

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Assessing the Economic Values of Temple Forests for the implementation of Payment for Ecosystem Services

Cited by 2 publications

References 0 publications

Comparing Stakeholders’ Economic Values for the Institution of Payments for Ecosystem Services in Protected Areas

Comparing Stakeholders’ Economic Values for the Institution of Payments for Ecosystem Services in Protected Areas

Effects of the perceived trustworthiness of the government and connectedness to nature on payments for ecosystem services: A case study of national parks in South Korea

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