Economic Valuation of the Sundarbans Reserved Forest of Bangladesh: The Zonal Travel Cost Method

RAISA, BASHAR (2017) Economic Valuation of the Sundarbans Reserved Forest of Bangladesh: The Zonal Travel Cost Method. In: Fifth International Conference on Advances in Social, Economics and Management - SEM 2017, 02-03 September, 2017, Zurich, Switzerland.

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Sundarbans Reserved Forest hosts the largest single block of tidal, salt - water mangrove forest on Earth with a diverse collection of flora and fauna, including many endangered ones. It is thus, (and also generally) necessary to find an appropriate estimation of the recreational benefits of this world - renowned region as a tool for the conservation of biodiversity, as well as the devel opm ent of ecotourism, there. This report has been designed to do just that (estimate the recreational value) and to exhibit a relationship between the Sundarbans Reserved Forest (SRF) in Bangladesh and travel cost, using the responses of the visitors to th is region from all over Bangladesh. A zonal approach of the travel cost technique has been u sed here and the sample was 300 visitors of SRF over a period of seven days. The analysis yielded that the total value of the environmental resources of SRF is arou nd 197 million Tk./year. A suggestion has also been made of initiating an entrance fee of 50 Tk./person/visit which could generate proceeds of approximately 5,000,000 Tk./year, to successfully fulfill the duties of the mangrove area management and biodiver sity conservation.

Item Type: Conference or Workshop Item (Paper)
Uncontrolled Keywords: travel cost, valuation, Sundarbans
Depositing User: Mr. John Steve
Date Deposited: 11 Mar 2019 08:28
Last Modified: 11 Mar 2019 08:28

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