JDE (Journal of Developing Economies)
Vol. 4 No. 1 (2019)

Economic Valuation of Mangrove Forest in The East Coast of The City Of Surabaya, East Java Province, Indonesia

Kusumawardani, Deni (Unknown)



Article Info

Publish Date
10 Jun 2019

Abstract

The city of Surabaya has been voted as one of the pilot areas of mangrove forest conservation in ASEAN. Most of the mangrove forest area in the city of Surabaya spread across the East Coast (Pamurbaya). The purpose of this study is to estimate the total economic value of mangrove forests in the area as a source of information for planning and evaluation of conservation policy. The results of the valuation involving some valuation techiques, both market and non-market approaches, yield total economic value of about Rp 49.6 billion (US$ 3.8 million) per year, or 105.3 million (US$ 8,101.8) per ha per year. Almost all of these values is the use value, particularly direct use valule both extractive (timber and fisheries) and non extractive (outdoor recreation). Indirect use value which consists of abrasion barrier and carbon sinks contributed relatively small compared to the direct use value. Meanwhile, non-use value is the smallest contributors to the total economic value. This fact proves that the mangrove forest in Pamurbaya has economic benefits outweigh the ecological benefits. Keywords: Economic Valuation, Mangrove, Non-Market Approach, The Cityof SurabayaJEL Classification: A130, D78

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Journal Info

Abbrev

JDE

Publisher

Subject

Description

The Journal of Developing Economies (JDE) is a journal published by the Department of Economics, Faculty of Economics and Business, Airlangga University with the ISSN 2541-1012 (print version) and 2528-2018 (online version). This journal is published every 6 months, June and December, through a ...