Economic Valuation of Environmentally Friendly Agriculture for Improving Environmental Quality

Yongkwang Shin and Changgil Kim

Journal of Rural Development/Nongchon-Gyeongje, 2006, vol. 29, issue 4

Abstract: The purpose of this paper is to evaluate the economic valuation on improving the environmental quality of environmentally friendly agri-culture by using the dichotomous choice contingent valuation meth-od (DC-CVM). The analytical data were collected from a survey on the willingness to pay for improving the environmental qualities in Hongsung county in Chungnam province. The empirical result shows that environmentally-friendly agriculture has made contributions in improving the environmental qualities with respect to the con-servation of water and soil, and species and ecosystem diversity in addition to stimulating agricultural production.

Keywords: Environmental; Economics; and; Policy (search for similar items in EconPapers)
Date: 2006
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:288412

DOI: 10.22004/ag.econ.288412

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