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Economic Value of Ecosystem Restoration for Sustainable Development: A Case Study of River Migori, Kenya

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  • Steven Owino Adongo

    (Moi University-Department of Agricultural Economics and Resource Management, Kenya)

  • Samuel Otieno John

    (Moi University-Department of Agricultural Economics and Resource Management, Kenya)

  • Quinter Achieng Abuor

    (University of Eldoret- Department of Natural Resource Management, Kenya)

Abstract

River resources are major sources of ecosystem services which provide social benefits and economic benefits to humanity. Increasing population levels, industrialization and intensified land use have posed threat to the rivers and have decreased their potentials. It is very necessary to evaluate the value that people attach for the restoration of such resources. This study therefore, used contingent valuation method (CVM) to estimate the economic value that households confer to the restoration of River Migori in Kenya for sustainable development. Payment card approach was used to elicit the residents’ WTP amounts. A sample of 80 respondents was obtained through multistage sampling technique who participated in the CVM survey. The study found out that the residents are willing to pay mean amount of Kshs. 5,086.25($48.25) and a total amount of Ksh. 406,900($3,859.27). The results of the Tobit regression found that the socio-economic factors which influence the individual willingness to pay amounts are gender, marital status, household size and income. In the main, the study found the general acceptance to restore the river resource which is relevant for policy formulation and which indicates that ecosystem restoration is a favored option for sustainable development.

Suggested Citation

  • Steven Owino Adongo & Samuel Otieno John & Quinter Achieng Abuor, 2020. "Economic Value of Ecosystem Restoration for Sustainable Development: A Case Study of River Migori, Kenya," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 4(6), pages 458-465, June.
    • Handle: RePEc:bcp:journl:v:4:y:2020:i:6:p:458-465
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    References listed on IDEAS

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    1. Dastan Bamwesigye & Petra Hlavackova & Andrea Sujova & Jitka Fialova & Petr Kupec, 2020. "Willingness to Pay for Forest Existence Value and Sustainability," Sustainability, MDPI, vol. 12(3), pages 1-16, January.
    2. Halkos, George & Matsiori, Steriani, 2014. "Exploring social attitude and willingness to pay for water resources conservation," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 49(C), pages 54-62.
    3. repec:aer:wpaper:210 is not listed on IDEAS
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