An Economic Valuation of Coastal Ecosystems in Phang Nga Bay, Thailand

Abstract

This study assessed the value placed on changes to the Bay’s ecosystems by Thais so
that these values can be taken into consideration when decisions are made on the
expansion of environmentally damaging commercial activities. The welfare estimates
of improving the Bay’s ecosystem showed that diversity of flora and fauna, which
provides recreational and tourism benefits, is the most important attribute of the Bay.
Local livelihood and ecological functions are equally important attributes while the
rare and endangered species attribute is the least important.