Conference Proceedings

Fifth International Conference on Advances in Social, Economics and Management - SEM 2017

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

Author(s) : RAISA BASHAR

Abstract

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.

Conference Title : Fifth International Conference on Advances in Social, Economics and Management - SEM 2017
Conference Date(s) : 02-03 September, 2017
Place : Novotel Zurich City-West Schiffbaustrasse 13, 8005 Zurich, Switzerland
No fo Author(s) : 1
DOI : 10.15224/978-1-63248-133-7-51
Page(s) : 6 - 11
Electronic ISBN : 978-1-63248-133-7
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