Visitors’ Willingness to Pay for Entrance Fee at Puncak Janing Forest Eco-Park, Kedah, Malaysia

Fadhlin, MH Nurin; Matthew, N; Shuib, Ahmad

doi:10.26525/jtfs2021.33.1.49

Cited by 6 publications

(4 citation statements)

References 12 publications

(11 reference statements)

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“…Only the age and income factors of the three variables tested were statistically significant. This value was lower than those in previous studies by Farah Hanim et al (2021), Muhammad Fairus andNurin Fadhlin et al (2021), which utilised Stata to analyse the data for doublebound CVM, in which the Wald chi-squared values were 12.64, 17.22 and 27.86, respectively. However, it should be emphasised that the number of variables found to be significant was more than two, but only two variables were found to be significant in this study.…”

Section: Logit Regression Analysiscontrasting

confidence: 63%

Residents’ Willingness to Pay for Healthcare Waste Management Services Fee in Malaysia

LAGIS¹,

Matthew²

2023

JSSM

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Healthcare is an important sector that serves the Malaysian population and is in high demand. The sector's carbon footprint has an impact on the natural environment, and healthcare waste management services reduce this environmental impact. This study examines residents' knowledge, perception, and willingness to pay for healthcare waste management services. A total of 384 respondents, selected through the cluster sampling method, participated in the survey for this study. The research sample comprised Putrajaya residents who were at least 18 years old. The findings showed that the respondents had a broader knowledge age. The respondents also had a slightly high perception of environmental issues. The estimated willingness to pay values were RM6.73, RM5.90 and RM5.32 annually for those in the bottom 40%, middle 40% and top 20% income groups, respectively, based on the results of the double-bounded contingent valuation method. The annual willingness to pay value was approximately RM2.34 million (US$0.54 million). The residents mostly preferred to pay annually via online banking. These findings could help decision-makers attain residents' support by identifying the affordable amount for the fee and the preferred payment methods. It will also help determine how to best collect healthcare waste management service fees and develop new healthcare waste management policies.

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Section: Logit Regression Analysiscontrasting

confidence: 63%

Residents’ Willingness to Pay for Healthcare Waste Management Services Fee in Malaysia

LAGIS¹,

Matthew²

2023

JSSM

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“…The single-bounded dichotomous evaluation method has been employed to examine the economic value of ecosystem services in empirical studies [52][53][54][55] due to the simplicity and efficiency of the interview and analysis processes, despite considerable discussion of potential problems since its early use by Bishop, Heberlein, and Kealy [56]. Moreover, the evaluation has significance in the empirical application in ecology assessment [57][58][59][60].…”

Section: Contingent Valuation Methodsmentioning

confidence: 99%

Resident Willingness to Pay for Ecosystem Services in Hillside Forests

Chen

Jan

Chung

et al. 2022

IJERPH

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This study investigated the willingness of residents to pay for ecosystem services in a hillside forest in the Lanyang River Basin, which is among the most vulnerable watersheds in Taiwan. The economic value of provisioning, regulating, cultural, and supporting ecosystem services was evaluated. The Contingent Valuation Method (CVM) was applied for economic analysis of public welfare. The determinants of the economic values were identified. A total of 444 respondents completed the questionnaire. The results revealed that the four ecosystem services had high economic value, indicating that conserving hillside forests can ensure the welfare of nearby residents. The findings of this study can serve as reference for regional land planning and social and economic system development policies. In addition, this study addressed policy implementation from the perspective of ecological economics to contribute to an improved Anthropocene.

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“…In general, the higher an individual's level of education, the more likely they are to be WTP (Fadhlin et al 2021). Witt (2019) and Zaiton et al (2019) found a positive correlation between education levels.…”

Section: Estimated Wtp For Biodiversity Conservation Among Visitorsmentioning

confidence: 95%

“…Ghous and Siddiqui (2022) and Truong (2022) discovered identical results when most respondents agreed to pay due to their awareness of preserving and conserving biodiversity. Moreover, according to a study by Fadhlin et al (2021), respondents' attitudes significantly affected their WTP for conservation fees. The WTP is significantly influenced by the level of awareness regarding biodiversity conservation, as human attitudes and preferences shape it, indicating their sensitivity toward the issues arising from the possible extinction of these biodiversity resources (Musa and Nadarajah 2023).…”

Section: Willingness To Pay For Biodiversity Conservationmentioning

confidence: 99%

Estimating the visitor’s willingness to pay towards biodiversity conservation at Kuala Lumpur Forest Eco Park, Malaysia, using the Contingent Valuation Method

MUSA,

SHAHRUDIN

2023

Biodiversitas

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Abstract. Musa F, Shahrudin INM. 2023. Estimating the visitor’s willingness to pay towards biodiversity conservation at Kuala Lumpur Forest Eco Park, Malaysia, using the Contingent Valuation Method. Biodiversitas 24: 3690-3699. The Kuala Lumpur Forest Eco Park is within the Bukit Nanas Forest Reserve, Malaysia's oldest and most biodiverse hill dipterocarp forest. The destruction of urban greenery in the heart of Kuala Lumpur has prompted stakeholders to conserve this forest as urban ecotourism areas for recreational, educational, and research activities. Due to the absence of a market, the economic value of biodiversity cannot be quantified in monetary terms from an economic perspective. Therefore, it will be difficult for stakeholders to justify the cost of conservation in their management in the future. This study's objective was to determine the economic value of biodiversity conservation at Kuala Lumpur Forest Eco Park by determining a visitor's Willingness to Pay (WTP) using the Contingent Valuation Method (CVM). A total of 250 questionnaires were distributed randomly to both international and domestic tourists to conduct this study. Five bid prices were chosen for domestic and international visitors based on the Logit Model's estimation of the visitor's WTP for biodiversity conservation. This study indicates that most visitors are willing to pay for biodiversity conservation influenced by religion, marital status, income, employment, and education. Furthermore, the results indicate that the WTP's mean and median per visit are MYR3.81 and MYR2.58 based on domestic visitor data. Consequently, this research may aid decision-makers in managing the financial strategy for biodiversity conservation activities. Thus, the conservation fee that visitors can accept based on their willingness to pay will further boost visitors' future visits to the Kuala Lumpur Forest Eco Park.

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Visitors’ Willingness to Pay for Entrance Fee at Puncak Janing Forest Eco-Park, Kedah, Malaysia

Cited by 6 publications

References 12 publications

Residents’ Willingness to Pay for Healthcare Waste Management Services Fee in Malaysia

Residents’ Willingness to Pay for Healthcare Waste Management Services Fee in Malaysia

Resident Willingness to Pay for Ecosystem Services in Hillside Forests

Estimating the visitor’s willingness to pay towards biodiversity conservation at Kuala Lumpur Forest Eco Park, Malaysia, using the Contingent Valuation Method

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