Valuing Non-use Value of Biodiversity: A Case Study of Khao Chamao-Khao Wong National Park

Authors

  • Pichet Puwapiromkwan ndependent Researcher (Experienced in Economic researchs for United Nations Development Programme or UNDP)108 Charisa Housing Estata, LadphraoWanghin 34 Ally 4, Ladphrao Wanghin Road, Ladphrao, Ladphrao, Bangkok 10230
  • Udomsak Seenprachawong Associate professor, School of Development Economics, National Institute of Development Administration, 118 Seri Thai Road, Klong-Chan, Bangkapi, Bangkok 10240

Keywords:

Non-Use Value, Biodiversity, Willingness to Pay, National Park, Contingent Valuation Method

Abstract

Khao Chamao-Khao Wong National Park is a part of the eastern forest complex of Thailand. The Park is an important recreational place with many endemic species of flora and fauna. Moreover, it is an important watershed of the eastern region. However, economic value of Khao Chamao-Khao Wong National Park has never been quantified in monetary term.  This will make budget allocation decision less efficient. This research aims to value economic non- use value of Khao Chamao-Khao Wong National Park by employing the contingent valuation method. The result found that annual economic value of Khao Chamao-Khao Wong National Park alone is higher than annual budgets of all national parks in the eastern forest complex combined.

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Issue

Vol. 11 No. 2 (2017): Development Economic Review (พัฒนาการเศรษฐกิจปริทรรศน์)

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