干旱区生态环境知识资源中心(Arid): Public perspective on constructing sea forests as a public good: A contingent valuation experiment in South Korea

Arid

DOI	10.1016/j.marpol.2020.104146
	Public perspective on constructing sea forests as a public good: A contingent valuation experiment in South Korea
	Choi, Kyung-Ran; Kim, Ju-Hee; Yoo, Seung-Hoon
通讯作者	Yoo, SH
来源期刊	MARINE POLICY
ISSN	0308-597X
EISSN	1872-9460
出版年	2020
卷号	120
英文摘要	The South Korean government plans to construct sea forests of 35,640ha until 2030 to reduce the appearance of urchin barren causing the desertification of the sea. The construction will help restore the ecological integrity of the damaged marine ecosystem and require the injection of taxes paid by the public. This study, therefore, examines the public perspective on the construction using an economic approach of contingent valuation (CV). The data on the public willingness to pay (WTP) for the construction were collected from a CV survey of 1000 households across the country, adopting a dichotomous-choice question format, during July 2019. As not a few interviewees responded zero WTP for various reasons, a spike model that could reflect zero WTP observations was utilized. The household WTP for the construction was estimated, with statistical significance, to be KRW 3304 (USD 2.81) per year. If this value is expanded to all households in South Korea, it is worth KRW 66.46 billion (USD 56.56 million). The present value of the benefits ensuing from the construction, taking into account the payment period of 10 years and the social discount rate of 4.5%, is KRW 633.31 billion (USD 538.99 million), which exceeds the present value of the involved costs (KRW 391.67 billion or USD 333.34 million). The net present value and benefit-cost ratio of the construction were computed to be KRW 241.64 billion (USD 205.65 million) and 1.62, respectively, and thus the construction of sea forests is socially beneficial to the public.
英文关键词	Sea forests Urchin barren Ecological integrity Contingent valuation Willingness to pay
类型	Article
语种	英语
收录类别	SSCI
WOS记录号	WOS:000567445100001
WOS关键词	WILLINGNESS-TO-PAY ; BENEFITS ; MODELS ; WTP
WOS类目	Environmental Studies ; International Relations
WOS研究方向	Environmental Sciences & Ecology ; International Relations
资源类型	期刊论文
条目标识符	http://119.78.100.177/qdio/handle/2XILL650/326149
作者单位	[Choi, Kyung-Ran; Kim, Ju-Hee; Yoo, Seung-Hoon] Seoul Natl Univ Sci & Technol, Grad Sch Energy & Environm, Dept Energy Policy, 232 Gongreung Ro, Seoul 01811, South Korea
推荐引用方式 GB/T 7714	Choi, Kyung-Ran,Kim, Ju-Hee,Yoo, Seung-Hoon. Public perspective on constructing sea forests as a public good: A contingent valuation experiment in South Korea[J],2020,120.
APA	Choi, Kyung-Ran,Kim, Ju-Hee,&Yoo, Seung-Hoon.(2020).Public perspective on constructing sea forests as a public good: A contingent valuation experiment in South Korea.MARINE POLICY,120.
MLA	Choi, Kyung-Ran,et al."Public perspective on constructing sea forests as a public good: A contingent valuation experiment in South Korea".MARINE POLICY 120(2020).