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Economic valuation of coral reefs at Phi Phi Islands, Thailand

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  • Udomsak Seenprachawong

Abstract

This paper provides an economic valuation of the coral reefs at Phi Phi Islands, Thailand. It used both the travel cost method and contingent valuation method to estimate the benefits of tourism on Phi Phi's coral reefs. The study found that the reefs studied could generate large economic returns through leisure pursuits and that tourists were willing to pay for conservation measures. It suggests a number of levies and charges that could help remove tourist pressure from the reefs and help pay for their conservation.

Suggested Citation

  • Udomsak Seenprachawong, 2003. "Economic valuation of coral reefs at Phi Phi Islands, Thailand," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 3(1), pages 104-114.
    • Handle: RePEc:ids:ijgenv:v:3:y:2003:i:1:p:104-114
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    Citations

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    Cited by:

    1. Westerberg, Vanja & Jacobsen, Jette Bredahl & Lifran, Robert, 2013. "The case for offshore wind farms, artificial reefs and sustainable tourism in the French mediterranean," Tourism Management, Elsevier, vol. 34(C), pages 172-183.
    2. 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.
    3. Jobstvogt, Niels & Watson, Verity & Kenter, Jasper O., 2014. "Looking below the surface: The cultural ecosystem service values of UK marine protected areas (MPAs)," Ecosystem Services, Elsevier, vol. 10(C), pages 97-110.
    4. Londoño, Luz M. & Johnston, Robert J., 2012. "Enhancing the reliability of benefit transfer over heterogeneous sites: A meta-analysis of international coral reef values," Ecological Economics, Elsevier, vol. 78(C), pages 80-89.
    5. Saengsupavanich, Cherdvong & Seenprachawong, Udomsak & Gallardo, Wenresti G. & Shivakoti, Ganesh P., 2008. "Port-induced erosion prediction and valuation of a local recreational beach," Ecological Economics, Elsevier, vol. 67(1), pages 93-103, August.
    6. John Robinson, Peter & van Beukering, Pieter & Brander, Luke & Brouwer, Roy & Haider, W. & Taylor, Michael & Mau, Paulus, 2022. "Understanding the determinants of biodiversity non-use values in the context of climate change: Stated preferences for the Hawaiian coral reefs," Ecosystem Services, Elsevier, vol. 53(C).
    7. Doshi, Amar & Pascoe, Sean, 2013. "Investigating the effects of sample heterogeneity on the travel cost model for coral diving in Southeast Asia," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152146, Australian Agricultural and Resource Economics Society.
    8. Pascoe, Sean & Doshi, Amar & Thébaud, Olivier & Thomas, Colette R. & Schuttenberg, Heidi Z. & Heron, Scott F. & Setiasih, Naneng & Tan, James C.H. & True, James & Wallmo, Kristy & Loper, Christy & Cal, 2014. "Estimating the potential impact of entry fees for marine parks on dive tourism in South East Asia," Marine Policy, Elsevier, vol. 47(C), pages 147-152.
    9. Goio, Ilaria & Gios, Geremia & Pollini, Claudio, 2008. "The development of forest accounting in the province of Trento (Italy)," Journal of Forest Economics, Elsevier, vol. 14(3), pages 177-196, June.

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