Communities' Contribution to a Protected Area: Willingness to Pay Approach
Journal Title: International Journal of Business and Management Invention - Year 2018, Vol 7, Issue 6
Abstract
This study investigates which factors determine people's willingness to pay for contribution in the conservation of a protected area by employing logit regression analysis. As it is unattainable to reach the whole population in our society as an individual researcher, this research is done by interviewing a total of (180) visitors who come to this area, and (180) non-visitors who have never been to the site from (6) cities. For studying people's willingness to pay, the variables such as distance, bids, age, gender, education, marital status, family income and attitude are employed in this study. Based on logit regression results, the study finds that bid, education level, and family income influences on people's willingness to pay for the conservation of a protected area. Lower bid price enhances people's willingness to pay. The result says that people who have high education level are willing to pay more. Similarly, households with high family income have willingness to contribute more for conservation of a protected area. Average willingness to pay for visitors, non-visitors, and both visitors and non-visitors are 375.1 Ks, 446.83 Ks, 368.6 Ks respectively. It is sure that these are the considerable information to policy makers concerning decision making for the conservation of a protected area.
Authors and Affiliations
Khin Thida Nyein
Keywords
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