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Financing marine protected areas in Jamaica: An exploratory study

Author

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  • Reid-Grant, Kimesha
  • Bhat, Mahadev G.

Abstract

The establishment of marine protected areas (MPA) has been a common government response to increasing fishing, tourism and other human activities that lead to decline in coral and marine resources. MPAs often suffer inadequacy of funds and simply become "paper parks". This study makes a case for the feasibility of a self-financing mechanism for MPAs by estimating potential surplus benefit that recreational users may gain from MPAs in Jamaica. These same recreational users in turn, might be willing to pay a small portion of that gain toward the management costs. With the help of a travel cost model and the visitors' willingness to pay (WTP) estimates, we show that the management costs of the park amount to a negligible amount; less than 0.1% of the annual total WTP. Furthermore, using these WTP estimates and the findings from other stakeholders' surveys (hotels, tour operators, etc.), the paper provides insights on user-supported funding policies, such as taxes and fees, which might sustain the operations of MPAs in Jamaica and the broader Caribbean region.

Suggested Citation

  • Reid-Grant, Kimesha & Bhat, Mahadev G., 2009. "Financing marine protected areas in Jamaica: An exploratory study," Marine Policy, Elsevier, vol. 33(1), pages 128-136, January.
    • Handle: RePEc:eee:marpol:v:33:y:2009:i:1:p:128-136
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    Citations

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    Cited by:

    1. Lee K. Cerveny & Anna Miller & Scott Gende, 2020. "Sustainable Cruise Tourism in Marine World Heritage Sites," Sustainability, MDPI, vol. 12(2), pages 1-24, January.
    2. Schuhmann, Peter W. & Mahon, Robin, 2015. "The valuation of marine ecosystem goods and services in the Caribbean: A literature review and framework for future valuation efforts," Ecosystem Services, Elsevier, vol. 11(C), pages 56-66.
    3. Ghermandi, Andrea & Nunes, Paulo A.L.D., 2013. "A global map of coastal recreation values: Results from a spatially explicit meta-analysis," Ecological Economics, Elsevier, vol. 86(C), pages 1-15.
    4. Grafton, R. Quentin & Akter, Sonia & Kompas, Tom, 2009. "Guide to the Ex-Ante Socio-Economic Evaluation of Marine Protected Areas," Research Reports 94827, Australian National University, Environmental Economics Research Hub.
    5. Chen, Jyun-Long & Chen, Jun-Yu & Chuang, Ching-Ta & Lu, Hsueh-Jung & Liu, Hsiang-Hsi & Lin, Yu-Shang, 2014. "Developing a co-management financing mechanism to enhance the financial sustainability of marine protected areas in Taiwan," Marine Policy, Elsevier, vol. 48(C), pages 126-133.
    6. Stefanski, Stephanie F. & Villasante, Sebastian, 2015. "Whales vs. gulls: Assessing trade-offs in wildlife and waste management in Patagonia, Argentina," Ecosystem Services, Elsevier, vol. 16(C), pages 294-305.
    7. Daniel F Viana & Benjamin S Halpern & Steven D Gaines, 2017. "Accounting for tourism benefits in marine reserve design," PLOS ONE, Public Library of Science, vol. 12(12), pages 1-18, December.
    8. Stephanie F. Stefanski & Jay P. Shimshack, 2016. "Valuing Marine Biodiversity in the Gulf of Mexico: Evidence from the Proposed Boundary Expansion of the Flower Garden Banks National Marine Sanctuary," Marine Resource Economics, University of Chicago Press, vol. 31(2), pages 211-232.
    9. Chaikumbung, Mayula & Doucouliagos, Hristos & Scarborough, Helen, 2016. "The economic value of wetlands in developing countries: A meta-regression analysis," Ecological Economics, Elsevier, vol. 124(C), pages 164-174.
    10. Mahadev Bhat & Ramachandra Bhatta & Mohamed Shumais, 2014. "Sustainable funding policies for environmental protection: the case of Maldivian atolls," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(1), pages 45-67, January.
    11. Voltaire, Louinord, 2017. "Pricing Future Nature Reserves Through Contingent Valuation Data," Ecological Economics, Elsevier, vol. 135(C), pages 66-75.

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