IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v12y2020i11p4784-d370149.html
   My bibliography  Save this article

Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies

Author

Listed:
  • George Halkos

    (Laboratory of Operations Research, Department of Economics, University of Thessaly, 28hs Octovriou 78, 38333 Volos, Greece)

  • Aikaterini Leonti

    (Graduate Program of Sustainable Development, Department of Home Economics and Ecology, School of Environment, Geography and Applied Economics, Harokopio University, El. Venizelou 70, 17671 Athens, Greece)

  • Eleni Sardianou

    (Graduate Program of Sustainable Development, Department of Home Economics and Ecology, School of Environment, Geography and Applied Economics, Harokopio University, El. Venizelou 70, 17671 Athens, Greece)

Abstract

The existence of parks is particularly important and offers many benefits both to the environment and to humans. Parks are recreational spaces, which contribute to the improvement of the microclimate, reduce atmospheric pollution and protect biodiversity. Their importance for the urban environment is even greater because they offer pure oxygen to the city and people feel close to nature in them. The aim of this study is to review studies which took place globally as well as in Greece, relying on the Contingent Valuation Method (CVM) for parks. The reason that this method is used is the valuation of non-market goods and services through the development of a hypothetical market. Additionally, a distinction is made among previous empirical studies depending on the nature of the parks and the country where the survey was conducted, while the disadvantages that must be considered from the use of Contingent Valuation Method are mentioned. According to the findings of the literature review, studies using Contingent Valuation in Greece, particularly in the case of urban parks, are limited. As far as we know, the valuation of existing urban parks has not yet been studied, so this could be a field for further research. The economic valuation of parks in a country like Greece, which suffered with the financial crisis, can lead to conclusions about the value that citizens attribute to parks and the identification of possible protest responses.

Suggested Citation

  • George Halkos & Aikaterini Leonti & Eleni Sardianou, 2020. "Assessing the Preservation of Parks and Natural Protected Areas: A Review of Contingent Valuation Studies," Sustainability, MDPI, vol. 12(11), pages 1-24, June.
    • Handle: RePEc:gam:jsusta:v:12:y:2020:i:11:p:4784-:d:370149
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/12/11/4784/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/12/11/4784/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Getahun Woldemariam & Aseffa Seyoum & Mengistu Ketema, 2016. "Residents' willingness to pay for improved liquid waste treatment in urban Ethiopia: results of choice experiment in Addis Ababa," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 59(1), pages 163-181, January.
    2. Halkos, George E. & Jones, Nikoleta, 2012. "Modeling the effect of social factors on improving biodiversity protection," Ecological Economics, Elsevier, vol. 78(C), pages 90-99.
    3. Amirnejad, Hamid & Khalilian, Sadegh & Assareh, Mohammad H. & Ahmadian, Majid, 2006. "Estimating the existence value of north forests of Iran by using a contingent valuation method," Ecological Economics, Elsevier, vol. 58(4), pages 665-675, July.
    4. Wan-Yu Liu & Yen-Yu Lin & Han-Shen Chen & Chi-Ming Hsieh, 2019. "Assessing the Amenity Value of Forest Ecosystem Services: Perspectives from the Use of Sustainable Green Spaces," Sustainability, MDPI, vol. 11(16), pages 1-23, August.
    5. Siti Aznor Ahmad & Nick Hanley, 2009. "Willingness To Pay For Reducing Crowding Effect Damages In Marine Parks In Malaysia," The Singapore Economic Review (SER), World Scientific Publishing Co. Pte. Ltd., vol. 54(01), pages 21-39.
    6. Halkos, George & Galani, Georgia, 2016. "Assessing willingness to pay for marine and coastal ecosystems: A Case Study in Greece," MPRA Paper 68767, University Library of Munich, Germany.
    7. Marija Opačak & Erda Wang, 2019. "Estimating Willingness to Pay for a Future Recreational Park Atop the Current Jakuševec Landfill in Zagreb, Croatia," Sustainability, MDPI, vol. 11(21), pages 1-16, October.
    8. Halkos, George & Matsiori, Steriani, 2018. "Environmental attitudes and preferences for coastal zone improvements," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 153-166.
    9. Marzetti, S. & Disegna, M. & Koutrakis, E. & Sapounidis, A. & Marin, V. & Martino, S. & Roussel, S. & Rey-Valette, H. & Paoli, C., 2016. "Visitors' awareness of ICZM and WTP for beach preservation in four European Mediterranean regions," Marine Policy, Elsevier, vol. 63(C), pages 100-108.
    10. Ndebele, Tom & Forgie, Vicky, 2017. "Estimating the economic benefits of a wetland restoration programme in New Zealand: A contingent valuation approach," Economic Analysis and Policy, Elsevier, vol. 55(C), pages 75-89.
    11. Pandit, Ram & Dhakal, Maheshwar & Polyakov, Maksym, 2015. "Valuing access to protected areas in Nepal: The case of Chitwan National Park," Tourism Management, Elsevier, vol. 50(C), pages 1-12.
    12. Baral, Nabin & Stern, Marc J. & Bhattarai, Ranju, 2008. "Contingent valuation of ecotourism in Annapurna conservation area, Nepal: Implications for sustainable park finance and local development," Ecological Economics, Elsevier, vol. 66(2-3), pages 218-227, June.
    13. Areti Kontogianni & Ian Langford & Andreas Papandreou & Mihalis Skourtos, 2003. "Social Preferences for Improving Water Quality: An Economic Analysis of Benefits from Wastewater Treatment," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 17(5), pages 317-336, October.
    14. Brey, Raul & Riera, Pere & Mogas, Joan, 2007. "Estimation of forest values using choice modeling: An application to Spanish forests," Ecological Economics, Elsevier, vol. 64(2), pages 305-312, December.
    15. Driml, Sally, 2002. "Travel Cost Analysis of Recreation Value in the Wet Tropics World Heritage Area," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 11-26, June Spec.
    16. Jones, Nikoleta & Sophoulis, Costas M. & Malesios, Chrisovaladis, 2008. "Economic valuation of coastal water quality and protest responses: A case study in Mitilini, Greece," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 37(6), pages 2478-2491, December.
    17. Cragg, John G, 1971. "Some Statistical Models for Limited Dependent Variables with Application to the Demand for Durable Goods," Econometrica, Econometric Society, vol. 39(5), pages 829-844, September.
    18. Ekin Birol & Katia Karousakis & Phoebe Koundouri, 2006. "Using economic valuation techniques to inform water resources management: A survey and critical appraisal of available techniques and an application," DEOS Working Papers 0607, Athens University of Economics and Business.
    19. Lal, Pankaj & Wolde, Bernabas & Masozera, Michel & Burli, Pralhad & Alavalapati, Janaki & Ranjan, Aditi & Montambault, Jensen & Banerjee, Onil & Ochuodho, Thomas & Mugabo, Rodrigue, 2017. "Valuing visitor services and access to protected areas: The case of Nyungwe National Park in Rwanda," Tourism Management, Elsevier, vol. 61(C), pages 141-151.
    20. Prayaga, Prabha, 2017. "Estimating the value of beach recreation for locals in the Great Barrier Reef Marine Park, Australia," Economic Analysis and Policy, Elsevier, vol. 53(C), pages 9-18.
    21. Herath, Gamini, 1999. "Estimation of Community Values of Lakes: A Study of Lake Mokoan in Victoria, Australia," Economic Analysis and Policy, Elsevier, vol. 29(1), pages 31-44, March.
    22. Majid Kholuzini Sharahi & Mohamad Hosein Mohamadi & Azam Abedini, 2015. "Estimating the Outdoor Recreational Value of Chitgar Forestial Park of Tehran with the Use of Contingent Valuation Method (CV)," Journal of Economic Development, Environment and People, Alliance of Central-Eastern European Universities, vol. 4(4), pages 64-75, December.
    23. Birol, Ekin & Koundouri, Phoebe & Kountouris, Yiannis, 2007. "Using the contingent valuation method to inform sustainable wetland management: the case of the Akrotiri wetland in Cyprus," MPRA Paper 38430, University Library of Munich, Germany.
    24. Guimarães, Maria Helena & Nunes, Luís Catela & Madureira, Lívia & Santos, José Lima & Boski, Tomasz & Dentinho, Tomaz, 2015. "Measuring birdwatchers preferences: A case for using online networks and mixed-mode surveys," Tourism Management, Elsevier, vol. 46(C), pages 102-113.
    25. 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.
    26. Won Kim, Chong & Phipps, Tim T. & Anselin, Luc, 2003. "Measuring the benefits of air quality improvement: a spatial hedonic approach," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 24-39, January.
    27. Flatley, G. W. & Bennett, J. W., 1996. "Using Contingent Valuation to Determine Australian Tourists' Values for Forest Conservation in Vanuatu," Economic Analysis and Policy, Elsevier, vol. 26(2), pages 111-127, September.
    28. Maria Bonaventura Forleo & Nicola Gagliardi & Luca Romagnoli, 2015. "Determinants of Willingness to Pay for an Urban Green Area: A Contingent Valuation Survey of College Students," International Journal of Management, Knowledge and Learning, International School for Social and Business Studies, Celje, Slovenia, vol. 4(1), pages 7-25.
    29. Brian Witt, 2019. "Tourists’ Willingness to Pay Increased Entrance Fees at Mexican Protected Areas: A Multi-Site Contingent Valuation Study," Sustainability, MDPI, vol. 11(11), pages 1-22, May.
    30. Shrestha, Ram K. & Seidl, Andrew F. & Moraes, Andre S., 2002. "Value of recreational fishing in the Brazilian Pantanal: a travel cost analysis using count data models," Ecological Economics, Elsevier, vol. 42(1-2), pages 289-299, August.
    31. Pate, Jennifer & Loomis, John, 1997. "The effect of distance on willingness to pay values: a case study of wetlands and salmon in California," Ecological Economics, Elsevier, vol. 20(3), pages 199-207, March.
    32. Seck, Abdoulaye, 2016. "A dichotomous-choice contingent valuation of the Parc Zoologique de Hann in Dakar," African Journal of Agricultural and Resource Economics, African Association of Agricultural Economists, vol. 11(3).
    33. Cohen, D.A. & McKenzie, T.L. & Sehgal, A. & Williamson, S. & Golinelli, D. & Lurie, N., 2007. "Contribution of public parks to physical activity," American Journal of Public Health, American Public Health Association, vol. 97(3), pages 509-514.
    34. Andrea Baranzini & José V. Ramirez, 2005. "Paying for Quietness: The Impact of Noise on Geneva Rents," Urban Studies, Urban Studies Journal Limited, vol. 42(4), pages 633-646, April.
    35. Pearson, L. J. & Tisdell, C. & Lisle, A. T., 2002. "The Impact of Noosa National Park on Surrounding Property Values: An Application of the Hedonic Price Method," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 155-171, June Spec.
    36. Duthy, Stephen, 2002. "Whian Whian--State Forest or National Park: Community Attitudes and Economic Values," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 91-111, June Spec.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Sena-Vittini, Mildred & Gomez-Valenzuela, Victor & Ramirez, Katerin, 2023. "Social perceptions and conservation in protected areas: Taking stock of the literature," Land Use Policy, Elsevier, vol. 131(C).
    2. Lin Song & Yi Xue & Yaqiong Jing & Jincan Zhang, 2021. "Visitor’s Willingness to Pay for National Park Entrance Fees in China: Evidence from a Contingent Valuation Method," IJERPH, MDPI, vol. 18(24), pages 1-14, December.
    3. Halkos, George & Leonti, Aikaterini & Sardianou, Eleni, 2022. "Determinants of willingness to pay for entrance to urban parks: A quantile regression analysis," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 421-431.
    4. Halkos, George & Leonti, Aikaterini & Petropoulos, Constantinos & Sardianou, Eleni, 2022. "Determinants of willingness to pay for urban parks: An empirical analysis in Greece," Land Use Policy, Elsevier, vol. 119(C).
    5. Maria Rosa Trovato & Paolo Micalizzi & Salvatore Giuffrida, 2021. "Assessment of Landscape Co-Benefits in Natura 2000 Site Management Plans," Sustainability, MDPI, vol. 13(10), pages 1-38, May.
    6. Azdren Doli & Dastan Bamwesigye & Petra Hlaváčková & Jitka Fialová & Petr Kupec & Obed Asamoah, 2021. "Forest Park Visitors Opinions and Willingness to Pay for Sustainable Development of the Germia Forest and Recreational Park," Sustainability, MDPI, vol. 13(6), pages 1-16, March.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Halkos, George & Leonti, Aikaterini & Petropoulos, Constantinos & Sardianou, Eleni, 2022. "Determinants of willingness to pay for urban parks: An empirical analysis in Greece," Land Use Policy, Elsevier, vol. 119(C).
    2. Halkos, George E. & Jones, Nikoleta, 2012. "Modeling the effect of social factors on improving biodiversity protection," Ecological Economics, Elsevier, vol. 78(C), pages 90-99.
    3. Halkos, George & Matsiori, Steriani, 2017. "Estimating recreational values of coastal zones," MPRA Paper 80911, University Library of Munich, Germany.
    4. Halkos, George & Matsiori, Steriani, 2018. "Environmental attitudes and preferences for coastal zone improvements," Economic Analysis and Policy, Elsevier, vol. 58(C), pages 153-166.
    5. Moritz A. Drupp & Zachary M. Turk & Ben Groom & Jonas Heckenhahn, 2024. "Limited Substitutability, Relative Price Changes and the Uplifting of Public Natural Capital Values," CESifo Working Paper Series 11156, CESifo.
    6. Halkos, George & Jones, Nikoleta, 2011. "Social factors influencing the decision to pay for the protection of biodiversity: A case study in two national parks of Northern Greece," MPRA Paper 34581, University Library of Munich, Germany.
    7. Ik-Chang Choi & Hyun No Kim & Hio-Jung Shin & John Tenhunen & Trung Thanh Nguyen, 2017. "Economic Valuation of the Aquatic Biodiversity Conservation in South Korea: Correcting for the Endogeneity Bias in Contingent Valuation," Sustainability, MDPI, vol. 9(6), pages 1-20, June.
    8. Marina Farr & Natalie Stoeckl & Michelle Esparon & Silva Larson & Diane Jarvis, 2016. "The Importance of Water Clarity to Great Barrier Reef Tourists and Their Willingness to Pay to Improve it," Tourism Economics, , vol. 22(2), pages 331-352, April.
    9. Veronesi, Marcella & Chawla, Fabienne & Maurer, Max & Lienert, Judit, 2014. "Climate change and the willingness to pay to reduce ecological and health risks from wastewater flooding in urban centers and the environment," Ecological Economics, Elsevier, vol. 98(C), pages 1-10.
    10. Halkos, George, 2012. "The use of contingent valuation in assessing marine and coastal ecosystems’ water quality: A review," MPRA Paper 42183, University Library of Munich, Germany.
    11. Barrio, Melina & Loureiro, Maria L., 2010. "A meta-analysis of contingent valuation forest studies," Ecological Economics, Elsevier, vol. 69(5), pages 1023-1030, March.
    12. Georgios Tentes & Dimitrios Damigos, 2012. "The Lost Value of Groundwater: The Case of Asopos River Basin in Central Greece," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 26(1), pages 147-164, January.
    13. Maria Rosa Trovato & Paolo Micalizzi & Salvatore Giuffrida, 2021. "Assessment of Landscape Co-Benefits in Natura 2000 Site Management Plans," Sustainability, MDPI, vol. 13(10), pages 1-38, May.
    14. Roberto Ponce & Felipe Vásquez & Alejandra Stehr & Patrick Debels & Carlos Orihuela, 2011. "Estimating the Economic Value of Landscape Losses Due to Flooding by Hydropower Plants in the Chilean Patagonia," Water Resources Management: An International Journal, Published for the European Water Resources Association (EWRA), Springer;European Water Resources Association (EWRA), vol. 25(10), pages 2449-2466, August.
    15. Xaysompheng Sengkhamyong & Helmut Yabar & Takeshi Mizunoya, 2022. "Assessing Household Willingness to Pay for the Conservation of the Phou Chom Voy Protected Area in Lao PDR," Sustainability, MDPI, vol. 14(18), pages 1-20, September.
    16. Sunak, Yasin & Madlener, Reinhard, 2012. "The Impact of Wind Farms on Property Values: A Geographically Weighted Hedonic Pricing Model," FCN Working Papers 3/2012, E.ON Energy Research Center, Future Energy Consumer Needs and Behavior (FCN), revised Mar 2013.
    17. Concu, Giovanni B., 2007. "Investigating distance effects on environmental values: a choice modelling approach," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(2), pages 1-20.
    18. Salehnia, Mina & Hayati, Baballah & Ghahremanzadeh, Mohammad & Molaei, Morteza, 2015. "Estimating the Value of Improvement in Lake Urmia’s Environmental Situation Using Choice Experiment," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 5(4), December.
    19. repec:ags:aare05:139324 is not listed on IDEAS
    20. Agnieszka Mandziuk & Dagmara Stangierska & Beata Fornal-Pieniak & Jerzy Gębski & Barbara Żarska & Marta Kiraga, 2022. "Preferences of Young Adults concerning the Pocket Parks with Water Reservoirs in the Aspect of Willingness to Pay (WTP) in Warsaw City, Poland," Sustainability, MDPI, vol. 14(9), pages 1-13, April.
    21. Silvia Banfi & Massimo Filippini & Andrea Horehájová, 2007. "Hedonic Price Functions for Zurich and Lugano with Special Focus on Electrosmog," CEPE Working paper series 07-57, CEPE Center for Energy Policy and Economics, ETH Zurich.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:12:y:2020:i:11:p:4784-:d:370149. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.