Open AccessEconomic Valuation of Mangrove Ecosystem at Gerung District, West Lombok Regency
Author(s) -
Mufti Petala Patria,
Siti Dian Rosadi,
Nisyawati Nisyawati
Publication year - 2021
Publication title -
hayati journal of biosciences
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.305
H-Index - 17
eISSN - 2086-4094
pISSN - 1978-3019
DOI - 10.4308/hjb.28.2.118
Subject(s) - mangrove , total economic value , mangrove ecosystem , contingent valuation , valuation (finance) , value (mathematics) , ecosystem services , ecosystem , geography , willingness to pay , forestry , agricultural economics , business , economics , fishery , ecology , mathematics , statistics , biology , microeconomics , finance
Research regarding economic valuation of mangrove in Gerung District, West Lombok Regency has been conducted. The purposes of this research were to calculate and analyze economic value from mangrove ecosystem at Gerung District. Research methods used observation and interviews. Direct Economic Value (DEV) were obtained from direct use of mangrove with a value IDR. 227,040,000/year. Indirect Economic Value (IEV)were calculated from mangrove ecosystem services with a value IDR. 1,405,041,200/year, Existence Value (EV) was obtained by Contingent Valuation Method (CVM) with a value IDR. 1,520,000/year. Option Value (OV) were calculated from biodiversity value with a value were IDR. 1,200,000/year. Total Economic Value (TEV) of mangrove in Gerung District were IDR. 1,634,801,200/year.