2009
DOI: 10.5539/jsd.v2n2p95
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A Contingent Valuation Study of Marine Parks Ecotourism: The Case of Pulau Payar and Pulau Redang in Malaysia

Abstract: The present paper has applied dichotomous choice survey design-contingent valuation method (CVM) to investigate empirically the willingness to pay (WTP) of the visitors for ecotourism resources in two selected marine parks in Peninsular Malaysia. Hence, the purpose of this research is to estimate the value of ecotourism resources by using environmental economic tools which focuses on contingent valuation method of WTP. It uses Logit and Probit models to estimate the visitor's WTP responses for conservation the… Show more

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Cited by 46 publications
(24 citation statements)
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“…A logit procedure could also have been used as in previous studies (e.g., Shamsudin et al, 2009;Yacob et al, 2009), but both procedures are likely to yield similar results.…”
Section: The Contingent Valuation Methodsmentioning
confidence: 99%
“…A logit procedure could also have been used as in previous studies (e.g., Shamsudin et al, 2009;Yacob et al, 2009), but both procedures are likely to yield similar results.…”
Section: The Contingent Valuation Methodsmentioning
confidence: 99%
“…People also attach economic value to the non-market environmental goods and services. Although these economic values do not emerge through the direct use of goods or services in market mechanisms, they can be used instead of the market prices [30,48].…”
Section: Contingent Valuation Methodsmentioning
confidence: 99%
“…The CVM was first used in 1947 by S. V. Ciriacy Wantrup in a study conducted for preventing soil erosion [26][27][28][29]. However, the first CVM with a questionnaire was used by R. K. Davis in 1963 for the estimation of the recreational value of the Maine Forest [29][30][31].…”
Section: Introductionmentioning
confidence: 99%
“…Local residents and outside visitors often have very different values and perceptions of a target area [25][26][27] and exhibit different use patterns [28]. Poudel et al [25] compared residents and tourists who visited a protected area within a national park and found that they had different sets of positive and negative perceptions about the space.…”
Section: Theoretical Considerations and Literature Reviewmentioning
confidence: 99%