THE ENVIRONMENTAL VALUE OF SOUTH KOREA’S MOUNTAINS: A CONTINGENT VALUATION STUDY

Dong-Pil Kim, Kee-Rae Kang, Hae-Joo Lee, Hee-Chae Kim, Woo-Sung Lee, Bo-Kwang Chung, Su-Bok Chae and Cha-Kwon Kim
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Dong-Pil Kim: Department of Landscape Architecture, Pusan National University, South Korea
Kee-Rae Kang: #x2020;Institute of Comprehensive Bio Industrial, Pusan National University, South Korea
Hae-Joo Lee: Department of Landscape Architecture, Pusan National University, South Korea‡Korea National Arboretum, South Korea
Hee-Chae Kim: #x2021;Korea National Arboretum, South Korea
Woo-Sung Lee: #xA7;Department of Landscape Architecture, Daegu University, South Korea
Bo-Kwang Chung: #xB6;Baekdudaegan National Arboretum, South Korea
Su-Bok Chae: #x2225;Busan Development Institute, South Korea
Cha-Kwon Kim: *Department of Landscape Architecture, Graduate School, Kyungpook National University, South Korea

The Singapore Economic Review (SER), 2020, vol. 65, issue 06, 1389-1400

Abstract: To address the lack of awareness on environmental values, this study estimates the environmental value of mountain ranges (Jeongmaek) connected to the Baekdudaegan mountain system in South Korea. Seven Jeongmaek are studied during 2011–2016 using a questionnaire survey and the contingent valuation method. Based on willingness to pay (WTP) for biodiversity, this study finds that the lowest estimated WTP was KRW 5813 for Geumbuk and Hannam-Geumbuk Jeongmaek, and the highest value was KRW 120,471 for Hanbuk Jeongmaek. These differences in WTP appear to be significantly determined by education level and number of visits of respondents.

Keywords: Environmental goods; environmental value; public goods; CVM; willingness to pay (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1142/S0217590820500459

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