Economic valuation of protected areas and recreational sites in India: some review findings
by Nidhi Yadav; Naresh Chandra Sahu
International Journal of Environmental Policy and Decision Making (IJEPDM), Vol. 1, No. 4, 2015

Abstract: The economic valuation studies based on protected areas (PAs) and recreational sites of India have been critically reviewed. In most of the studies, travel cost method (TCM) and contingent valuation method (CVM) have been used to measure the economic value of PAs. These methods are not sufficient to elicit total economic value (TEV) of different sites thus studies are incomplete. It is found that ignorance, illiteracy, unemployment, poverty and inappropriate institutions are the major hurdles in adopting the survey based methods, especially CVM. The review findings reveal that while measuring economic value of PAs, results of different studies adopting different techniques are not the same. In addition to that, it is found in the review that some scholars have estimated use value and some others non-use value. The findings of the review conclude that only one study has captured both use and non-use value of a national park.

Online publication date: Mon, 15-Feb-2016

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Environmental Policy and Decision Making (IJEPDM):
Login with your Inderscience username and password:

    Username:        Password:         

Forgotten your password?


Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com