IDEAS home Printed from https://ideas.repec.org/p/eep/report/rr2016065.html
   My bibliography  Save this paper

Analysis of the Recreational Value of the Coral-surrounded Hon Mun Islands in Vietnam Abstract:Understanding the recreational value of natural resources is crucial to effective conservation programmes. When natural resources are threatened with dire consequences by human activities, their recreational value is greatly reduced, thus affecting their contribution to conservation programmes. The purpose of this research is to explore the recreational value of the coral-surrounded Hon Mun Islands. The islands contain the richest coral biodiversity in the country and are only about six km from a port, which has been earmarked for expansion. This research employs the travel cost method and the contingent valuation method to measure and analyse impacts on the recreational value of the islands. The zonal travel cost model (ZTCM) estimates the annual recreational value at approximately USD 17.9 million while the result from the individual travel cost model (ITCM) is about USD 8.7 million. A 20% loss of the recreational value that is expected to ensue from the proposed port expansion is still larger than the expanded port’s projected annual revenue of USD 3.1 million. Therefore, the port expansion proposal seriously needs reevaluation

Author

Listed:
  • Pham Khanh Nam

    (University of Economics Ho Chi Minh)

  • Tran Vo Hung Son

    (University of Economics Ho Chi Minh)

Abstract

No abstract is available for this item.

Suggested Citation

  • Pham Khanh Nam & Tran Vo Hung Son, 2016. "Analysis of the Recreational Value of the Coral-surrounded Hon Mun Islands in Vietnam Abstract:Understanding the recreational value of natural resources is crucial to effective conservation programmes," EEPSEA Research Report rr2016065, Economy and Environment Program for Southeast Asia (EEPSEA), revised Apr 2016.
    • Handle: RePEc:eep:report:rr2016065
    as

    Download full text from publisher

    File URL: http://www.eepsea.org/pub/rr/2001_RR17.pdf
    File Function: First version, 2001
    Download Restriction: no
    ---><---

    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:eep:report:rr2016065. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Arief Anshory yusuf (email available below). General contact details of provider: https://edirc.repec.org/data/eepsesg.html .

    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.