PAYMENT FOR ECOSYSTEM SERVICES (PES) AS TOOL FOR MAE LAO WATERSHED CONSERVATION

Penporn Janekarnkij ()
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Penporn Janekarnkij: Department of Agricultural and Resource Economics,Faculty of Economics,Kasetsart University,Thailand

No 201404, Working Papers from Kasetsart University, Department of Agricultural and Resource Economics

Abstract: This case study refers to the role of Payment for Ecosystem Services (PES) as an economic tool in supporting and promoting sustainable development locally. It was developed for using in both undergraduate and graduate courses in natural resource and environmental economics and economic valuation of ecosystem goods and services. Students should be able to apply their knowledge in basic economic concepts of demand and supply, economic valuation of ecosystem goods and services, as well as basic watershed ecology in analyzing a practical situation provided in the case. Main contents of this case study comprise four parts. The first part is the general information about the study area and the community conservation practices in case of Mae Lao Watershed, Thailand. The second part deals with Payment for Ecosystem Services (PES) in theory and in practice. The third part consists of questions for discussion and group exercises for students to practice. The final part contains the information of teaching note about learning objectives, student audience and background readings.

Keywords: Payment for Ecosystem Services (PES); watershed conservation; Mae Lao; ecosystem service valuation; contingent valuation method (CVM) (search for similar items in EconPapers)
JEL-codes: Q51 Q58 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2014-08
New Economics Papers: this item is included in nep-env and nep-sea
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Citations: View citations in EconPapers (1)

Published in ARE Working Paper No. 2557/2 (August 2014)

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