The Economic Benefits of the Dokdo Seals Restoration Project in Korea: A Contingent Valuation Study

Sustainability

Se-Jun Jin¹  Seul-Ye Lim¹  Seung-Hoon Yoo¹ 

[1] Department of Energy Policy, Graduate School of Energy & Environment, Seoul National University of Science & Technology, Seoul 01811, Korea;

关键词: Callorhinus ursinus;    Dokdo Seal;    economic benefit;    willingness to pay;    contingent valuation;    spike model;   

DOI  :  10.3390/su9060968

来源: DOAJ

【 摘 要 】

Northern fur seals (Callorhinus ursinus), especially those that live in Dokdo, Korea, represent an endangered species in Korea. Thus, the government is considering the implementation of the Dokdo Seals (DS) restoration project. This article looks at the economic benefits for implementing the project, which includes making habitats for the DS, such as an artificial sea ranch, and training DS rescued from fishing nets and wounded in the wild to adapt to the wild so that they can be released into the Dokdo Sea. To this end, we looked at the willingness to pay (WTP) for the implementation of the project by conducting a contingent valuation (CV) survey of 1000 Korean households. We employed a one-and-one-half-bounded dichotomous choice question format. Furthermore, we used a spike model to model the WTP responses with zero observations. The mean yearly WTP for the project implementation was computed to be KRW 4923 (USD 4.86) for next ten years per household, which is statistically significant at the 1% level. The national annual value amounts to KRW 90.9 billion (USD 89.8 million). This value can be taken as an indication of the economic benefits of restoring the endangered species.

【 授权许可】

Unknown