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Valuing marine parks in a small island developing state: a travel cost analysis in Seychelles

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  • Mwebaze, Paul
  • MacLeod, Alan

Abstract

A major problem facing the Seychelles islands is the decline in the quality and the value of marine protected areas (MPAs). Economic valuation can help guide policy makers to understand the value of marine resources and the cost of neglecting MPAs by expressing the value of their goods and services in monetary terms. This paper presents an analysis of the economic value of a group of marine parks in Seychelles. The travel cost method is used to establish willingness-to-pay of international tourists for trips to marine parks in Seychelles from their observed behaviour. The average per-trip consumer surplus is approximately €128 for single-site visitors and €65 for multiple-site visitors. The total social welfare value attributable to the recreational opportunity in marine parks is approximately €3.7 million annually. These results provide policy makers with a strong justification for government investment needed to maintain marine sites in Seychelles.

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  • Mwebaze, Paul & MacLeod, Alan, 2013. "Valuing marine parks in a small island developing state: a travel cost analysis in Seychelles," Environment and Development Economics, Cambridge University Press, vol. 18(4), pages 405-426, August.
    • Handle: RePEc:cup:endeec:v:18:y:2013:i:04:p:405-426_00
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    Cited by:

    1. Erda Wang & Nannan Kang & Yang Yu, 2017. "Valuing Urban Landscape Using Subjective Well-Being Data: Empirical Evidence from Dalian, China," Sustainability, MDPI, vol. 10(1), pages 1-20, December.

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