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Proceedings of

5th 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"

RAISA BASHAR
DOI
10.15224/978-1-63248-133-7-51
Pages
6 - 11
Authors
1
ISBN
978-1-63248-133-7

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”

Keywords: travel cost, valuation, Sundarbans

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