Economic Value of Ecosystem Restoration for Sustainable Development: A Case Study of River Migori, Kenya

Steven Owino Adongo, Samuel Otieno John and Quinter Achieng Abuor
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Steven Owino Adongo: Moi University-Department of Agricultural Economics and Resource Management, Kenya
Samuel Otieno John: Moi University-Department of Agricultural Economics and Resource Management, Kenya
Quinter Achieng Abuor: University of Eldoret- Department of Natural Resource Management, Kenya

International Journal of Research and Innovation in Social Science, 2020, vol. 4, issue 6, 458-465

Abstract: River resources are major sources of ecosystem services which provide social benefits and economic benefits to humanity. Increasing population levels, industrialization and intensified land use have posed threat to the rivers and have decreased their potentials. It is very necessary to evaluate the value that people attach for the restoration of such resources. This study therefore, used contingent valuation method (CVM) to estimate the economic value that households confer to the restoration of River Migori in Kenya for sustainable development. Payment card approach was used to elicit the residents’ WTP amounts. A sample of 80 respondents was obtained through multistage sampling technique who participated in the CVM survey. The study found out that the residents are willing to pay mean amount of Kshs. 5,086.25($48.25) and a total amount of Ksh. 406,900($3,859.27). The results of the Tobit regression found that the socio-economic factors which influence the individual willingness to pay amounts are gender, marital status, household size and income. In the main, the study found the general acceptance to restore the river resource which is relevant for policy formulation and which indicates that ecosystem restoration is a favored option for sustainable development.

Date: 2020
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