To read the full version of this content please select one of the options below:

Economic valuation of environmental attributes of the Yanachaga–Chemillén National Park via contingent valuation and choice experiment

Pedro Manuel Amaya (Faculty of Environmental Engineering, Universidad Nacional Federico Villarreal, Lima, Peru)
Doris Esenarro Vargas (Universidad Nacional Federico Villarreal, Lima, Peru)
Ciro Rodriguez Rodriguez (Facultad de Ingeniería de Sistemas, Universidad Nacional Mayor de San Marcos, Lima, Peru and Facultad de Ingeniería Informática y Electrónica, Universidad Nacional Federico Villarreal, Lima, Peru)
Violeta Vega (Faculty of Environmental Engineering, Universidad Nacional Federico Villarreal, Lima, Peru)
Jorge López Bulnes (Universidad Nacional Mayor de San Marcos, Lima, Peru)

World Journal of Engineering

ISSN: 1708-5284

Article publication date: 28 December 2020

Issue publication date: 29 July 2021

Downloads
29

Abstract

Purpose

The purpose of this paper is to present the first economic valuation of four environmental attributes of the Yanachaga–Chemillén National Park (PNYCH – Parque Nacional Yanachaga-Chemillén) in Peru.

Design/methodology/approach

This study included households in three cities adjacent to the PNYCH and assessed the willingness to pay (WTP) for preservation efforts of these natural services to avoid the predicted loss in forest area by 2030 (currently 143,425 hectares per year).

Findings

The results showed that the average WTP was US$0.695 (2.3197 soles) per household annually. Added to all households in Peru (9 million), this is equivalent to approximately 6.255 million dollars annually.

Practical implications

The economic valuation of these attributes is complementary to the contingent valuation and can have a significant impact, as this data influences decision-making and public policies focused on conserving forests and biodiversity.

Social implications

Upon using the choice experiment (CE) model, the attributes that have the most significant impact on inhabitants’ well-being were economic benefits. The flora and fauna coverage attributes were beneficial for the inhabitants of the place because they valued the proposed recovery and conservation program in a positive and differential way.

Originality/value

From the collection of valuable economic data, the novelty lies in using the CE method, which has not yet been applied in valuations of natural ecosystem services in Peru.

Keywords

Acknowledgements

The authors acknowledge the support provided by the teachers and authorities of the Faculty of Geographical Engineering of the National University Federico Villarreal. The present investigation did not require external funds and the study was subsidized with the researchers’ own funds.

Citation

Amaya, P.M., Esenarro Vargas, D., Rodriguez Rodriguez, C., Vega, V. and López Bulnes, J. (2021), "Economic valuation of environmental attributes of the Yanachaga–Chemillén National Park via contingent valuation and choice experiment", World Journal of Engineering, Vol. 18 No. 4, pp. 558-565. https://doi.org/10.1108/WJE-09-2020-0407

Publisher

:

Emerald Publishing Limited

Copyright © 2020, Emerald Publishing Limited