Recreational services in tourism dominated coastal ecosystems: Bringing the non-economic values into focus

Chakraborty, Shamik; Saha, Shantanu Kumar; Selim, Samiya Ahmed

doi:10.1016/j.jort.2020.100279

Cited by 33 publications

(15 citation statements)

References 45 publications

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“…The finding that the ES of tourism and recreation ES were valued more highly by locals than visitors points to its economic importance in the community. A non-monetary valuation study in a coastal area of Bangladesh by Chakraborty et al (2020) also found that locals valued coastal recreation and tourism ES more than visitors as these services constitute an important part of their livelihoods. Interestingly, community and cultural identity ES were valued more highly by visitors than locals.…”

Section: Contextualising the Study Results Within The Es Literaturementioning

confidence: 99%

Socio-cultural valuation of whale ecosystem services in Skjálfandi Bay, Iceland

Malinauskaitė

Cook

Davíðsdóttir

et al. 2021

Ecological Economics

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The study examines the socio-cultural values of multiple ecosystem services (ES) sourced from whales in Skjálfandi Bay, North Iceland, with many beneficiaries living in and visiting the town of Húsavík. The study begins to address the research gap in non-monetary valuation of marine ecosystem services. Based on a multi-method approach, it elicits stakeholders' perceptions of the contribution of whale ES to human wellbeing using stakeholder mapping, semistructured interviews, observations, and socio-cultural preference surveys. The key whale ES identified by the local stakeholders were cultural, most frequently mentioned being recreation and education. The most commonly mentioned ES values were related to economic benefits from the whale watching industry. The preference survey reveals that regulating and maintenance ES were valued most highly with a mean score of 4.0 out of 5.0, cultural ES were second with a mean score of 3.5, and provisioning ES in the form of food and raw materials were valued the least with a mean of 0.75. Interview data also reveals some marine ES management challenges originating from intensified tourism, industrial development, and climate change. The results of the study have the potential to inform marine resource management in Iceland by including socio-cultural values associated with whale resources.

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Section: Contextualising the Study Results Within The Es Literaturementioning

confidence: 99%

Socio-cultural valuation of whale ecosystem services in Skjálfandi Bay, Iceland

Malinauskaitė

Cook

Davíðsdóttir

et al. 2021

Ecological Economics

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“…Instead, the term is used to articulate that they value the beauty of urban green space and the importance of protecting it from deterioration. Previous research has also identified a connection between CES, public engagement, and sustainability (Colding and Barthel 2013, Andersson et al 2014, Gould et al 2014, Chakraborty et al 2020. Individuals and communities prefer to support management actions when those actions improve CES (Dendoncker et al 2013, Andersson et al 2015.…”

Section: Literature Reviewmentioning

confidence: 98%

Residents' perceptions of the role and management of green spaces to provide cultural ecosystem services in Dhaka, Bangladesh

Sultana¹,

Selim²

2021

E&S

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Ongoing rapid urbanization and socio-environmental changes are posing challenges to proper urban management. Cultural ecosystem services (CES) offered by urban green spaces play a crucial role in the well-being of urban residents through ecosystems' non-material benefits. However, these services, especially from the residents' perspective, are often neglected in urban management strategies because of their intangible nature, particularly in the Global South. In this study, conducted in Dhaka, Bangladesh, we investigated residents' perceptions of the importance of CES offered by green spaces and how green space should be managed. As a methodological tool, we used a questionnaire-based stated preference method where non-monetary statements were the basis. Questions in the survey included respondents' social background and visiting frequency to green space, perceived importance of CES and green space, and perceptions about the management of green space. We analyzed 405 questionnaires using descriptive and inferential statistics. Our results indicate that rooftop gardens and green parks are considered the most important areas that provide CES, and among different types of CES (i.e., recreation, aesthetic, mental satisfaction, social relations), recreation is considered the most important. The high importance respondents place on the CES categories of aesthetics, sense of place, and social cohesion was also revealed. CES categories tended to be positively linked with each other. The valuation of CES was diverse depending on gender, income, educational background, and visiting frequency. Respondents prioritized government and community roles over the role of individuals and international and national non-government organizations in managing CES. Collaboration between individual and organizations was deemed a high priority. Our results highlight that a better understanding of CES and how different people perceive their benefits can be used to foster public participation and increase support for green space management initiatives.

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“…Lots of macroeconomic factors that influence stock price movements both nationally and internationally which result in stock returns. That as an economic instrument, the capital market cannot be separated from various kinds of environmental influences, both the economic environment and the non-economic environment [5]. The macroeconomic environment tends to have a strong influence on the performance of a capital market.…”

Section: Figure 1 Number Of Investor Sharia Shareholdersmentioning

confidence: 99%

Analysis of Macroeconomic Factors and Fundamental Factors to Sharia Stock Return on Trade, Services and Investment Sector Companies in Jakarta Islamic Index (JII) Period 2014-2018

Hasanah¹,

Hadiantini²,

Kusumawardhani³

2021

Proceedings of the First International Conference on Science, Technology, Engineering and Industrial Revolution (ICSTEIR 2020)

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This research aims to find out how much macroeconomic factors indicated by variable Inflation rate and Interest Rate (BI Rate) and fundamental factors indicated by market capitalization, Price Earning Ratio (PER) and Price Book Value (PBV) affect to Sharia Stock Return of trade, services and investment sector companies in JII during the period 2014-2018. The method in this research is quantitative and descriptive research methods. The populations in this study were companies in the trade, services and investment sectors in JII using purposive sampling technique, namely sampling with the criteria of companies that routinely distribute dividends during the study period. Multiple correlation tests shows the R value of 0.824, This means that variables in macroeconomics and variables in company fundamentals have an effect of 82.4% on stock returns with a very strong correlation level. The value of the coefficient of determination indicates the inflation rate, BI Rate, market capitalization, PER and PBV can explain the return variable of 50.1%, while 49.9% is explained by other variables outside the research model. The results show that partially the inflation rate and the BI Rate have a positive and insignificant effect on sharia stock returns, while market capitalization has a positive and significant effect, PER has a positive and significant effect and PBV has a significant negative effect on Islamic stock returns. Simultaneously the inflation rate and interest rate (BI Rate), market capitalization, Price Earnings Ratio (PER) and Price Book Value (PBV) have a significant effect on sharia stock returns of trade, services and investment companies in JII during the period 2014-2015. This means that Islamic investors are advised to further analyze the company's fundamental factors before investing in Islamic instruments, because the investment in Islamic instruments has anticipated economic factors, so the return on Islamic stocks tends to be smaller than conventional stock returns.

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Recreational services in tourism dominated coastal ecosystems: Bringing the non-economic values into focus

Cited by 33 publications

References 45 publications

Socio-cultural valuation of whale ecosystem services in Skjálfandi Bay, Iceland

Socio-cultural valuation of whale ecosystem services in Skjálfandi Bay, Iceland

Residents' perceptions of the role and management of green spaces to provide cultural ecosystem services in Dhaka, Bangladesh

Analysis of Macroeconomic Factors and Fundamental Factors to Sharia Stock Return on Trade, Services and Investment Sector Companies in Jakarta Islamic Index (JII) Period 2014-2018

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