Economic Value of Recreation as an Ecosystem Service in Ayer Keroh Recreational Forest, Malaysia

Nitanan Koshy Matthew, Ahmad Shuib, Nitya Ganeshwaari Raja Gopal and Goh Ie Zheng
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Nitanan Koshy Matthew: Department of Environment, Faculty of Forestry and Environment, Universiti Putra Malaysia (UPM), Serdang 43400, Selangor, Malaysia
Ahmad Shuib: School of Business and Economics, Universiti Putra Malaysia (UPM), Serdang 43400, Selangor, Malaysia
Nitya Ganeshwaari Raja Gopal: Department of Environment, Faculty of Forestry and Environment, Universiti Putra Malaysia (UPM), Serdang 43400, Selangor, Malaysia
Goh Ie Zheng: Department of Environment, Faculty of Forestry and Environment, Universiti Putra Malaysia (UPM), Serdang 43400, Selangor, Malaysia

Sustainability, 2022, vol. 14, issue 9, 1-13

Abstract: Economic values of various ecosystem services of recreational forests are not well understood in many countries, including Malaysia. Policymakers and resource managers with a lack of such information may make inappropriate decisions to manage forest resources. To address the information problem, this study used data and estimated the economic value of recreation as a cultural ecosystem service of the Ayer Keroh Recreational Forest (AKRF) in Malaysia using the Travel Cost Method (TCM). The study estimated an economic value of USD 20,346/ha/year for cultural services, including recreation. These findings provide some useful information that might be needed for those involved in planning and management for the development of urban forest sites, especially in AKRF.

Keywords: cultural services; economic value; Travel Cost Method; urban recreational forest (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2022
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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