Non-market valuation of the benefits of protecting Lake Danao National Park in Ormoc, Philippine
Issue Date
1999
Abstract
This paper presents the valuation process and important findings of a non-market valuation study which aims to estimate the willingness to pay (WTP) for preservation benefits of protecting the environmental attributes of Lake Danao National Park (LDNP) in Ormoc City, Philippines. The study used the Contingent Valuation Method (CVM) with three WTP question formats namely open-ended payment card, and iterative bidding. A total of 210 respondents from urban and rural categories were interviewed. Factory affecting WTP bid for protecting LDNP were identified and analyzed using the Tobit (censored regression) model. The environmental attributes of LDNP considered in deriving total WTP were forest quality, wilderness/biodiversity, and lake quality. Results shoed that all respondents were aware about LDNP as a recreational site in Ormoc City. Of the environmental attribute considered in the study, forest quality was the most preferred among urban respondents, whereas, lake quality was considered more important among rural respondents. Urban and rural respondents attached equal importance to biodivesity. Ninety-one percent (91%) of the respondents expressed WTP for a protection program to preserve the environmental attributes of LDNP. The mean annual total WTP was stimated to be P121.70 for urban respondents and P93.09 for rural respondents, or an average of P108.45 for respondents. For the households in Ormoc, the total social WTP was estimated to be P2.44 million annually. This value reflects the maximum amount that Ormoc residents were willing to invest to preserved LDNP. Willingness to pay for various motives of protection (recreational use, option, existence, and bequest) was derived in the study. Of these various motives, the last three (collectively termed as preservation value) received the highest allocation (77% to 91%) of total WTP. Factors affecting WTP for recreation and preservations demands of LDNP were analyzed and discussed.
Source or Periodical Title
Journal of Environmental Science and Management
ISSN
0119-1144
Volume
2
Issue
2
Page
13-32
Document Type
Article
College
School of Environmental Science and Management (SESAM)
Frequency
semi-annually
Physical Description
tables
Language
English
Recommended Citation
Predo, Canesio D.; Briones, Nicomedes D.; Francisco, Herminia A.; and Pacardo, Enrique P., "Non-market valuation of the benefits of protecting Lake Danao National Park in Ormoc, Philippine" (1999). Journal Article. 4277.
https://www.ukdr.uplb.edu.ph/journal-articles/4277