Resident Willingness to Pay for Ecosystem Services in Hillside Forests

Wan-Jiun Chen, Jihn-Fa Jan, Chih-Hsin Chung and Shyue-Cherng Liaw
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Wan-Jiun Chen: Department of Economics, Chinese Culture University, No. 55, HawKang Rd., Taipei 111, Taiwan
Jihn-Fa Jan: Department of Land Economics, National Chengchi University, No. 64, Section 2, Zhinan Rd., Taipei 116, Taiwan
Chih-Hsin Chung: Department of Forestry and Natural Resources, National Ilan University, No. 1, Section 1, Shennong Rd., Yilan City 260, Yilan County, Taiwan
Shyue-Cherng Liaw: Department of Geography, National Taiwan Normal University, No. 162, Section 1, Heping E. Rd., Taipei 106, Taiwan

IJERPH, 2022, vol. 19, issue 10, 1-17

Abstract: This study investigated the willingness of residents to pay for ecosystem services in a hillside forest in the Lanyang River Basin, which is among the most vulnerable watersheds in Taiwan. The economic value of provisioning, regulating, cultural, and supporting ecosystem services was evaluated. The Contingent Valuation Method (CVM) was applied for economic analysis of public welfare. The determinants of the economic values were identified. A total of 444 respondents completed the questionnaire. The results revealed that the four ecosystem services had high economic value, indicating that conserving hillside forests can ensure the welfare of nearby residents. The findings of this study can serve as reference for regional land planning and social and economic system development policies. In addition, this study addressed policy implementation from the perspective of ecological economics to contribute to an improved Anthropocene.

Keywords: forests; ecosystem services; local industries; economic value; organic farming; contingent valuation method (search for similar items in EconPapers)
JEL-codes: I I1 I3 Q Q5 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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