Travel Cost Valuation of the Sundarbans Reserved Forest of Bangladesh

42 Pages Posted: 29 Oct 2016

Date Written: October 30, 2015

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 development of ecotourism, there. I have designed this report 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 this region from all over Bangladesh. A zonal approach of the travel cost technique has been used here and the sample was 300* visitors of SRF over a period of seven days. My analysis yielded that the total value of the environmental resources of SRF is around 197 million Tk./year. I have also made the suggestion 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 biodiversity conservation.

Keywords: Travel Cost, Valuation, Sundarbans

*The filled-in questionnaires are with the author and are available on request

Keywords: Travel Cost, Valuation, Sundarbans

JEL Classification: Q57, Y4

Suggested Citation

Bashar, Raisa, Travel Cost Valuation of the Sundarbans Reserved Forest of Bangladesh (October 30, 2015). Available at SSRN: https://ssrn.com/abstract=2858024 or http://dx.doi.org/10.2139/ssrn.2858024

Raisa Bashar (Contact Author)

North South University ( email )

15 Ariful Haque Chowdhury Rd
Bashundhara Residential Area
Bangladesh, Dhaka 1229 1229
Bangladesh

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