Tidiane Guindo
Faculty of Economics and Business, Universitas Teknologi Sumbawa, Sumbawa Besar, Indonesia
DOI : https://doi.org/10.47191/ijmra/v6-i9-72Google Scholar Download Pdf
ABSTRACT:
Moyo Satonda National Park (MSNP) is one of the attractions in NTB, Indonesia that needs attention for conservation. A contingent valuation method of survey was conducted to estimate the conservation value of MSNP and to elicit the willingness to pay among respondents. Through the random survey, the estimated mean of willingness to pay for conservation fee per respondent was IDR 7.81. With the number of visitors of 4000 in year 2022, it is estimated that there is an additional IDR 31,240 (2.03 USD) that could be used for the improvement in environmental conservation. This study shows that contingent valuation method (CVM) is a useful tool to guide decision makers in policy purposes of natural resources management of protected area in developing countries.
KEYWORDS:Contingent Valuation, National Park, Willingness to Pay
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Volume 06 Issue 09 September 2023
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