Economic valuation Tasek Bera wetland conservation using contingent valuation

Rahim, Hairazi and Shamsudin, Mad Nasir and Radam, Alias and Abd Ghani, Awang Noor (2018) Economic valuation Tasek Bera wetland conservation using contingent valuation. [Journal / Magazine]

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Abstract

The main attributes of Tasek Bera wetland currently jeopardised by economic activities and other externalities. Both resource management and conservation options policy should be able to attain a sufficient sum of revenue in order to continuously managethe resources of Tasek Bera wetland efficiently. Hence, this study attempts to estimate the use value of the wetland. Dichotomous choice contingent valuation approach has been used in these exercises. Structured questionnaires have been developed and distributed to the respondents in targeted site of theTasek Bera wetland area specifically at the main entrance. A total of 600 questionnaires have been distributed conveniently among the visitors of Tasek Bera wetland area. Only 533 respondents were reliably selected for further analyses. Firstly, the study attempted to explore the underlying dimensions that affect the environmental perception among users towards Tasek Bera wetland area. In line with that, the study provided the surface responses and demands by users’ subject to the needs of efficient resource management and development. The exploratory factor analysis (EFA) has been applied in order to identify the dimensions that affect the environmental attitudinal perception towards the wetland area. Further in CVM estimation, the reductions of agricultural activities have been found to be significantly raised the utility of the respondents towards the wetland. Willingness to pay for the improvement in resource management and conservation options of the wetland has been elicited through the logit model.

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