Journal of the Korean Society of Environmental Restoration Technology (한국환경복원기술학회지)

The Korea Society of Environmental Restoration Technology (한국환경복원기술학회)
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The Economic Valuation of Ecosystem Restoration in Suncheon Bay

순천만 생태복원에 따른 경제적 가치 평가

  • Hwang, Minsup (Department of Public Administration, Graduate School, Korea University) ;
  • Lee, Myung Kyoon (Division of Knowledge Development & Management, Global Green Growth Institute, Department of Environmental Planning, Keimyung University) ;
  • Jung, Tae Yong (KDI School of Public Policy and Management)
  • 황민섭 (고려대학교 대학원 행정학과) ;
  • 이명균 (글로벌녹색성장기구.계명대학교 환경계획학과) ;
  • 정태용 (KDI 국제정책대학원)
  • Received : 2014.07.28
  • Accepted : 2014.08.26
  • Published : 2014.08.30
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Abstract

Coastal wetlands are among the most productive biomes in the Earth. The economic values include the direct use of a coastal wetland's ecosystem services, such as food, raw materials, recreation, and tourism. Other values comprise the indirect use of a coastal wetland's ecosystem services, such as carbon sequestration, waste-water treatment, and erosion prevention. In particular, Suncheon Bay is recently attracting attention as the most successful case of the preservation and restoration. This study applies Travel Cost Method (TCM) to estimate the economic value by drawing the demand curve for trips to Suncheon Bay. The TCM is an approach used for economic valuation of non-market goods and services. Based on the results of TCM, this study shows that the economic benefit from recreational uses of the site adds up to \174.7 billion per year. It is also significant in the sense that monetary information is suggested to help local policy makers evaluate the realistic values of coastal wetlands.

Keywords

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