Willingness to Pay to Conserve Wetland Ecosystems: A Case Study of Vellayani Fresh Water Lake in South India
Journal Title: IJAR-Indian Journal of Applied Research - Year 2015, Vol 5, Issue 4
Abstract
Freshwater ecosystems are most important functional unit that sustains human life in earth. But the deterioration and degradation of these ecosystems is a universal phenomenon. The main reason for this is the lack of awareness among the people about the value of the ecosystem services provided by these ecosystems. Vellayani lake is an important fresh water lake in the humid tropics of South India. This pristine lake, is a source of drinking water, livelihood generation and other life supporting activities. The study attempts to estimate the economic value of the lake using a double bounded dichotomous choice contingent valuation method. A sample of two hundred and forty local residents residing around the lake, at a distance of 100m (Zone I), 200m (Zone II) and 300m (Zone III) were interviewed to elicit their Willingness to Pay (WTP) to conserve the lake. Maximum WTP was observed in Zone I (Rs 354.25) and minimum in zone III (Rs 174.37). Number of respondents willing to pay also had a similar trend. The econometric model for estimation of WTP revealed that the statistically important variables that affected the WTP were monthly income, marital status, education and dependence on lake. The economic value of the lake system estimated using CVM was Rs 2.91crore per year.
Authors and Affiliations
Aswathy Vijayan, Elsamma Job, Allan Thomas
Keywords
Related Articles
- EP ID EP533839
- DOI -
- Views 64
- Downloads 0
EFFECT OF COMBINED PRANAYAMA AND MEDITATION PRACTICES ON SELF CONFIDENCE AMONG HOCKEY PLAYERS
The purpose of the present study was to investigate the effect of combined pranayama and meditation practices on self confidence among hockey players. To achieve the purpose of the study thirty hockey players were select...
A Study of Fdi and Its Impact on Indian Economy
In the last two decades, FDI showed the most remarkable growth rate in the global economic landscape. Such an unprecedented growth makes FDI an important and vital component of development strategy in both developed & de...
A RANDOMIZED DOUBLE BLIND COMPARISON OF CITALOPRAM VS ESCITALOPRAM IN SEVERE DEPRESSION
The purpose of this study is to compare the efficacy of citalopram with escitalopram in the management of depression. The diagnosis was done based on ICD-10 Criteria for severe depressive episode and a minimum score of 1...
A RETROSPECTIVE STUDY TO EVALUATE THE IMPACT OF TRAUMATIC DENTAL INJURY ON QUALITY OF LIFE OF CHILDREN AND THEIR PARENTS
An injury to the anterior teeth can affect a perfect smile and thus have an adverse effect on the psychology of the individual. Traumatic injuries to the anterior teeth among the young children are tragic but often an ig...
A Study on Attitude of Doctors Working in A Tertiary Care Teaching Hospital Towards Legalization of Passive Euthanasia in India
Government of India has decided to solicit public opinion/comments before formulation of Law on Passive Euthanasia. The draft bill, proposed in 241st report of Law Commission deals with passive euthanasia and living will...