Economic Valuation on the Development Plan of the Flower Garden Area using Contingent Valuation Method
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Accepted
30 November 2023
Published
30 May 2024
Keywords:
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Blora, Contingent Valuation Method, Flower Garden, Logistic Regression, Willingness to Pay
Abstract
Non-market value plays a crucial role in the economic valuation of natural resources and the environment. Therefore, this study aimed to estimate the non-market value derived from the development plan of a flower garden area in the Blora Regency. This valuation included individual and aggregate willingness to pay (WTP) and the factors influencing WTP. This study used the Contingent Valuation Method (CVM) as the research approach, with logistic regression as technical analysis. A total of 250 questionnaires were completed by residents of Blora, resulting in a mean value of individual non-market WTP of IDR 10,605 as an entry fee and an aggregate value of IDR 97,567,748/year. The results show that the higher the bid, the lower the probability of paying. Another interesting outcome was that people with an income of over five million and living close to
the garden development plan area had a greater probability of paying than others. These findings provide an overview of the Blora government’s efforts to improve access to areas and facilities within gardens to attract people outside of the characteristics that significantly affect WTP.
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Tyrväinen L. 2001. Economic valuation of urban forest benefits in Finland. J Environ Manage. 62(1):75–92. doi:10.1006/jema.2001.0421.
Tzoulas K, Korpela K, Venn S, Yli-Pelkonen V, Kaźmierczak A, Niemela J, James P. 2007. Promoting ecosystem and human health in urban areas using Green Infrastructure: A literature review. Landsc Urban Plan. 81(3):167–178. doi:10.1016/j.landurbplan.2007.02.001.
Yulian EN, Syaufina L, Intan E, Putri K. 2011. Valuasi Ekonomi Sumberdaya Alam Taman Hutan Raya Bukit Soeharto di Provinsi Kalimantan Timur. J Pengelolaan Sumberd Alam dan Lingkung. 1(1):38–46.
Bani A, Benu F, Kotta H. 2020. Willingness To Pay (Wtp) Jasa Lingkungan Sumberdaya Air Tanah Sumur Di Kota Kupang. J Pengelolaan Sumberd Alam dan Lingkung (Journal Nat Resour Environ Manag. 10(2):173–182. doi:10.29244/jpsl.10.2.173-182.
BPS Kabupaten Blora. 2022. Kabupaten Blora dalam Angka 2022. Blora, Jawa Tengah.
Chen B, Qi X. 2018. Protest response and contingent valuation of an urban forest park in Fuzhou City, China. Urban For Urban Green. 29(November 2017):68–76. doi:10.1016/j.ufug.2017.11.005. http://dx.doi.org/10.1016/j.ufug.2017.11.005.
Fauzi A. 2004. Ekonomi Sumber Daya Alam dan Lingkungan. Jakarta, Indonesia: Gramedia Pustaka Utama.
Fauzi A. 2021. Valuasi Ekonomi dan Penilaian Kerusakan Sumber Daya Alam dan Lingkungan. 1st ed. Bogor: PT Penerbit IPB Press.
Hanemann WM. 1984. Valuation Contingent Experiments in Responses with discrete responses. Am J Agric Econ. 66(3):332–341.
Hilbe JM. 2015. Practical Guide to Logistic Regression. Boca Raton, USA: CRC Press.
Latinopoulos D, Mallios Z, Latinopoulos P. 2016. Valuing the benefits of an urban park project: A contingent valuation study in Thessaloniki, Greece. Land use policy. 55:130–141. doi:10.1016/j.landusepol.2016.03.020. http://dx.doi.org/10.1016/j.landusepol.2016.03.020.
Leavy P. 2017. Reserach Design. New York, USA: The Guilford Press.
Mankiw GN. 2012. Principles of Economics. 6th ed. Mason, USA.
Norton EC, Dowd BE. 2018. Log Odds and the Interpretation of Logit Models. Health Serv Res. 53(2):859–878. doi:10.1111/1475-6773.12712.
Octaria P, Mulatsih S, Ekayani M. 2017. Analisis Kesediaan Membayar Pengunjung Terhadap Paket Wisata Pendidikan Lingkungan Di Taman Wisata Alam Wira Garden Kota Bandar Lampung. J Pengelolaan Sumberd Alam dan Lingkung (Journal Nat Resour Environ Manag. 7(2):122–127. doi:10.29244/jpsl.7.2.122-127.
Ramadhanti AT, Santosa Y, Sunkar A. 2023. Economic Valuation of Sun Bear (Helarctos malayanus) and Sumatran Elephant (Elephas maximus sumatranus) Based on Maintenance Cost Approach. J Pengelolaan Sumberd Alam dan Lingkung (Journal Nat Resour Environ Manag. 13(1):49–56. doi:10.29244/jpsl.13.1.49-56.
Samdin Z, Aziz YA, Radam A, Yacob MR. 2013. Sustainability of ecotourism resources at taman negara national park: Contingent valuation method. Int J Bus Soc. 14(2):235–244.
Sanjaya R, Saptutyningsih E. 2019. Faktor-Faktor yang Mempengaruhi Willingness to Pay Pengunjung Wisata Teluk Kiluan Menggunakan Contingent Valuation Method (CVM) Roby Sanjaya, Endah Saptutyningsih Faktor-Faktor yang Mempengaruhi Willingness to Pay Pengunjung Wisata Teluk Kiluan Menggunaka. J Econ Res Soc Sci. 3(1). doi:10.18196/jerss.030104.
Setiani AD, de Fraiture C, Susanto RH, Duker A. 2017. Economic Valuation for Water Supply From Merapi Volcano National Park (Case Study: Kali Kuning Sub Watershed). J Nat Resour Environ Manag. 7(1):29–36. doi:10.19081/jpsl.2017.7.1.29.
Tyrväinen L. 2001. Economic valuation of urban forest benefits in Finland. J Environ Manage. 62(1):75–92. doi:10.1006/jema.2001.0421.
Tzoulas K, Korpela K, Venn S, Yli-Pelkonen V, Kaźmierczak A, Niemela J, James P. 2007. Promoting ecosystem and human health in urban areas using Green Infrastructure: A literature review. Landsc Urban Plan. 81(3):167–178. doi:10.1016/j.landurbplan.2007.02.001.
Yulian EN, Syaufina L, Intan E, Putri K. 2011. Valuasi Ekonomi Sumberdaya Alam Taman Hutan Raya Bukit Soeharto di Provinsi Kalimantan Timur. J Pengelolaan Sumberd Alam dan Lingkung. 1(1):38–46.
Authors
LarreA. A., RicardoR., PuspitawatiE. and PambudiA. (2024) “Economic Valuation on the Development Plan of the Flower Garden Area using Contingent Valuation Method”, Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan (Journal of Natural Resources and Environmental Management). Bogor, ID, 14(2), p. 201. doi: 10.29244/jpsl.14.2.201.
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