ESTIMATING THE LOCAL COST OF PROTECTING KOSHI TAPPU WILDLIFE RESERVE, NEPAL: A CONTINGENT VALUATION APPROACH |
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| Authors: | RAM K SHRESTHA JANAKI RR ALAVALAPATI ANDREW F SEIDL KARL E WEBER TRI B SUSELO |
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| Institution: | (1) School of Forest Resources and Conservation, University of Florida, P.O. Box 110410, Gainesville, FL 32611-0410, USA;(2) Department of Agricultural and Resource Economics, Colorado State University, Fort Collins, CO 80523-1172, USA;(3) School of Environment, Resources and Development, Asian Institute of Technology, P.O. Box 4, 12120 Klong Luang, Pathumthani,, Thailand |
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| Abstract: | We estimate the compensation required by the local communities to forego access to the natural resources within the Koshi
Tappu Wildlife Reserve (KTWR), Nepal using the contingent valuation method (CVM). In addition to contributing a CVM application
from a seldom studied location to the literature, this case illustrates the sensitivity of WTA estimates to the analytical
technique adopted. We analyze households’ willingness to accept (WTA) compensation using Tobit and double-hurdle regression
models that account for the censored distribution of WTA and nested yes/no decision implicit in the WTA responses. The average
WTA of a household residing in the vicinity of KTWR is estimated to be US $238, which amounts to nearly $ 1.64 million for
the neighboring region. The results provide a basis to address local people’s concerns in the process of sustainable management
of natural resources and wetland ecosystems in KTWR, Nepal. |
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| Keywords: | economic valuation Nepal park-people conflict protected area |
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