Urban forest parks deliver a wide spectrum of ecosystem services that support biodiversity,climate regulation,and public well-being;however,their perceived value among local visitors remains underexplored in Southeast...Urban forest parks deliver a wide spectrum of ecosystem services that support biodiversity,climate regulation,and public well-being;however,their perceived value among local visitors remains underexplored in Southeast Asia.This study investigates visitor perceptions and economic valuation of ecosystem services at Mount Pulai Forest Eco Park in Johor,Malaysia.Grounded in the Total Economic Value(TEV)framework and ecosystem service theory,the research employed a structured on-site survey of 392 visitors and applied the Contingent Valuation Method(CVM)to assess awareness,appreciation,and willingness-to-pay(WTP)for forest conservation.Findings revealed that visitors highly valued regulating services,such as air purification and flood mitigation(mean≈4.3/5),and supporting services,like biodiversity(mean≈4.2/5),while provisioning services were rated lower(mean≈2.8/5).Despite limited familiarity with ecological terminology,only 33%understood the term“ecosystem services”.In contrast,a substantial majority(79.1%)expressed WTP for conservation efforts,proposing an average annual contribution of MYR 51.32.Additionally,65%of respondents supported an entry fee model,suggesting a mean payment of MYR 3.07 per visit.These results underscore the economic and non-economic value that urban residents assign to forest benefits,offering new insights into conservation finance and public engagement.The study’s innovation lies in its integration of ecosystem perception with economic valuation in an urban forest setting,providing a replicable framework for sustainable park management across Southeast Asia.展开更多
This research investigates token dormancy as a fundamental metric for evaluating cryptocurrency assets and presents a methodology for its measurement.The valuation method involves 4 distinct parameters and utilizes a ...This research investigates token dormancy as a fundamental metric for evaluating cryptocurrency assets and presents a methodology for its measurement.The valuation method involves 4 distinct parameters and utilizes a 3.5-year daily dataset for the“Chainlink”token.The results are used in optimized ARIMA-GARCH models to analyze the first differences between the variables;the out-of-sample forecasts were assessed with performance metrics.Furthermore,this study introduces a novel fundamental value derived from these approaches,the basis for generating selling signals in a backtested trading strategy.The trading strategy results are compared to a benchmark buy-and-hold strategy and a non-selling dollar-cost-averaging strategy for evaluation.Employing the dollar-cost averaging approach for purchase frequency and utilizing the“isolation forest”technique for identifying selling signals within the trading strategy yielded positive results.展开更多
The results of mass appraisal in many countries are used as a basis for calculating the amount of real estate tax,therefore,regardless of the methods used to calculate it,the resulting value should be as close as poss...The results of mass appraisal in many countries are used as a basis for calculating the amount of real estate tax,therefore,regardless of the methods used to calculate it,the resulting value should be as close as possible to the market value of the real estate to maintain a balance of interests between the state and the rights holders.In practice,this condition is not always met,since,firstly,the quality of market data is often very low,and secondly,some markets are characterized by low activity,which is expressed in a deficit of information on asking prices.The aim of the work is ecological valuation of land use:how regression-based mass appraisal can inform ecological conservation,land degradation,and sustainable land management.Four multiple regression models were constructed for AI generated map of land plots for recreational use in St.Petersburg(Russia)with different volumes of market information(32,30,20 and 15 units of market information with four price-forming factors).During the analysis of the quality of the models,it was revealed that the best result is shown by the model built on the maximum sample size,then the model based on 15 analogs,which proves that a larger number of analog objects does not always allow us to achieve better results,since the more analog objects there are.展开更多
Seagrass bed ecosystem is a coastal ecosystem with abundant biodiversity and high production. It is also an important system for the sustainable development of human society and economy. Based on the local research, s...Seagrass bed ecosystem is a coastal ecosystem with abundant biodiversity and high production. It is also an important system for the sustainable development of human society and economy. Based on the local research, statistical data and prevenient research results, the main services of Hepu seagrass ecosystem were analyzed in the paper, including fishing production, nutrient cycling, scientific research, protecting the coast from eroding, climate regulation, biodiversity, culture, bequest valuation, option valuation and existence valuation and so on. At the same time, we used ecological and economic methods for economic evaluation of seagrass in Hepu of Guangxi, including the market valuation method, contingent valuation method, carbon and tax method, benefit transfer method and expert survey method. The results showed that the total valuation of the Hepu seagrass ecosystem service was about 6.29 × 10^5 Yuan RMB/ha in 2005. Among these services, the indirect using valuation is the main aspect, which was 4.47 x 10^5Yuan RMB/ha in 2005, accounting for 70.97 % of the total valuation. The non-using valuation was 1.54 × 10^5 Yuan RMB/ha in 2005, accounting for 24.52 % of the total valuation. The direct using valuation is the least, which was only 2.84 × 10^4 Yuan RMB/ha in 2005, accounting for 4.51% of the total valuation.展开更多
In 1998, the Chinese Government implemented the NFPP （Natural Forest Protection Program）, which included logging restrictions, protected areas, replanting, and a range of other policies aimed at safeguarding the sta...In 1998, the Chinese Government implemented the NFPP （Natural Forest Protection Program）, which included logging restrictions, protected areas, replanting, and a range of other policies aimed at safeguarding the state of the country＇s forests and reducing the risk of erosion and flooding. A second phase of this program is currently being discussed. In this paper, contingent valuation is used to estimate the WTP （willingness to pay） for maintaining the program among the inhabitants in Heilongjiang Province in northern China. The results show that, even with fairly conservative assumptions, the aggregated WTP for maintaining the program for another five years is some 3.24 billion yuan per year. This can be compared with the current cost of the Program in the province, which is some 1.57 billion yuan per year.展开更多
[Objective] This study was to analyze the personal Willingness to Pay （WI-P） on the non-use value of Dianchi lake wetland and the influential factors. [Method] Questionnaire was designed according to the Contingent ...[Objective] This study was to analyze the personal Willingness to Pay （WI-P） on the non-use value of Dianchi lake wetland and the influential factors. [Method] Questionnaire was designed according to the Contingent Valuation Method （CVM） to investigate people of different occupations at different ages, based on which the evaluation on non-use value of Dianchi lake wetland was carried out. And the relationship between WTP and social characteristics were analyzed by using non- parametric estimation. [Result] The average WTP on Dianchi lake wetland is 150.03- 217.66 yuan per person every year, and the total WTP is 626-909 million yuan ev- ery year. Age, education and residence of the respondents have remarkable influ- ence on the VVTP. The influence of education level and residence on option value is significant; bequest value is significantly correlated with age; while there is no significant relationship between existence value and social characteristics. [Conclusion] The evaluation on the non-use value of Dianchi lake wetland is important for the scientific development and utilization of wetland resources.展开更多
As natural ecosystems provide the material basis and fundamental support for regional sustainable devel-opment,the sustainability of natural ecosystems is an important prerequisite and a viable approach for the achiev...As natural ecosystems provide the material basis and fundamental support for regional sustainable devel-opment,the sustainability of natural ecosystems is an important prerequisite and a viable approach for the achievement of regional sustainable development.It is also the final criteria to assess whether sustainable development paradigm is successful.Along with the increasing impacts of human activities on natural ecosystems,the evaluation of regional ecological sustainability has become one of the key issues for research on macro ecology and sustainable development.Based on different unit of indicators,this study firstly groups the evaluation frameworks of regional ecological sus-tainability into three major types:comprehensive index evaluation with dimensionless unit,monetary valuation,and biophysical quantity measurement.We then discuss and compare these types in terms of basic principles,scope of ap-plications,advantages and shortcomings.Finally,drawn on the discussion about characteristics of ecological sustain-ability,we outline the current trend and future directions of regional ecological sustainability evaluation,for instance,transition from sustainable development evaluation to sustainability science,integration of goal-oriented and problem-solving approaches,combination of spatial pattern analysis and ecological sustainability evaluation,and en-hancement of ecological sustainability evaluation at landscape scale.展开更多
Qinghai Lake Watershed （QLW） is a hot place of a series of ecological restoration and environmental remediation programs nowadays.However,little information is available on change of ecosystem service and economic p...Qinghai Lake Watershed （QLW） is a hot place of a series of ecological restoration and environmental remediation programs nowadays.However,little information is available on change of ecosystem service and economic practice in this area.As ecosystem service and natural capital are closely related with social and economic development,an index of concordance between environment and economy （ICEE） has been proposed to compare the annual variation rate of ecosystem service value （RESV） with that of gross domestic product （RGDP）.Using this Index,we have assessed concordance between environment and economy （CEE） for the QLW in the period 1977-2004.The result showed that from 1977 to 2004,the ecosystem service value in the QLW descended from 128.81×10 8 yuan to 127.32×10 8 yuan;In contrast,the GDP increased from 0.931×10 8 yuan to 8.856×10 8 yuan.The values of the I CEE were -1.14,-0.22,and -0.14 in the stages of 1977-1987,1987-2000 and 2000-2004,respectively.The result indicated that during the first stage 1977-1987,the relationship between environment and economy in the QLW was not concordant but at a high conflict;from 1987 to 2004,there was a low conflict between environment and economy,and the CEE appeared to increase slowly.Analysis of the assessment results showed that the national policies and industrial adjustment practice play an important role in the CEE changes.展开更多
World heritage possesses various kinds of use value and non-use value. Measuring the recreational value of world heritage sites is a key issue in the heritage tourism. This paper employs Contingent Valuation Method (C...World heritage possesses various kinds of use value and non-use value. Measuring the recreational value of world heritage sites is a key issue in the heritage tourism. This paper employs Contingent Valuation Method (CVM), which is an evaluation instrument on the basis of tourists′ attitude and preference, to measure the recreational value of Jiuzhaigou, one of the World Natural Heritage sites in China, and analyzes the biases in the survey. The results show that: 1) In 2009, Jiuzhaigou′s recreational value was 3.46×108 yuan (RMB), and the per capita Willingness to Pay (WTP) was 137.31 yuan by CVM. Compared with the results of other methods, this result is significantly low. 2) Among the factors that influence Jiuzhaigou tourists′ WTP, psychological perception factors have the greatest effect while demographic and socio-economic characteristics have a small effect on WTP. 3) The virtuality in CVM creates biases both from CVM itself and in the procedures that CVM was implemented. The former includes hypothetical bias, information bias, protest response bias, and strategic bias; and the latter includes the questionnaire design, population and sample definition, sampling and data processing. The paper analyses those biases and illustrates their potential in-fluences on the accuracy of CVM measurement. 4) Although there are various defects in CVM measurement, it is still an effective valuation method.展开更多
To better promote forest resource management and strengthen the development of forest carbon sink marketization, this paper studied the accounting of forest carbon sinks from 2003 to 2008 based on a system of national...To better promote forest resource management and strengthen the development of forest carbon sink marketization, this paper studied the accounting of forest carbon sinks from 2003 to 2008 based on a system of national accounts （SNA） and data from the latest forest resources inventory in China. The study calculated the value of forest carbon stocks at a total of RMB 817.13 × 10^9 yuan in 2003 and RMB 839.93×10^9 yuan in 2008, with an average annual increase of 0.55 % from an increase in physical carbon sinks. The total value of forest carbon sinks in 2003 and 2008 was RMB 26.73×10^9 yuan and RMB 29.77×10^9 yuan, respectively, with an average annual growth of 2.18 %. From 2003 to 2008, both stock and flow value of forest carbon sinks increased, but the total net flow value of carbon sinks decreased. The growth rate for the environmentally adjusted Gross Domestic Product （eaGDP） for China＇s forest carbon sinks was 17.23 %, outstripping the average growth rate of 9.5 % for the GDP during the same period. The study alsoindicates that China＇s forest carbon sinks affects the GDP in the range of 0.25-0.26 %, and its economic potential is not relatively huge.展开更多
Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given ...Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given so far only to the market value of mountain goods and services, ignoring the true social and environmental costs of using mountain resources. Towards this direction, the use of non-market valuation techniques could prove to be beneficial. Bearing in mind the above remarks, the paper presents an application of the Contingent Valuation Method, which aims at estimating the monetary value of a mountain settlement’s vernacular architecture, namely Metsovo. For this purpose, the survey focuses on Metsovo visitors’ willingness to pay a single annual voluntary contribution to an institution that would be founded in order to undertake all necessary actions required to preserve the town’s traditional character. The results are very promising and indicate that vernacular architecture holds a significant economic value that could justify the implementation of appropriate policies towards the protection of vernacular settlements in mountain areas.展开更多
基金funded by Universiti Kebangsaan Malaysia through research grant(SK-2024-006).
文摘Urban forest parks deliver a wide spectrum of ecosystem services that support biodiversity,climate regulation,and public well-being;however,their perceived value among local visitors remains underexplored in Southeast Asia.This study investigates visitor perceptions and economic valuation of ecosystem services at Mount Pulai Forest Eco Park in Johor,Malaysia.Grounded in the Total Economic Value(TEV)framework and ecosystem service theory,the research employed a structured on-site survey of 392 visitors and applied the Contingent Valuation Method(CVM)to assess awareness,appreciation,and willingness-to-pay(WTP)for forest conservation.Findings revealed that visitors highly valued regulating services,such as air purification and flood mitigation(mean≈4.3/5),and supporting services,like biodiversity(mean≈4.2/5),while provisioning services were rated lower(mean≈2.8/5).Despite limited familiarity with ecological terminology,only 33%understood the term“ecosystem services”.In contrast,a substantial majority(79.1%)expressed WTP for conservation efforts,proposing an average annual contribution of MYR 51.32.Additionally,65%of respondents supported an entry fee model,suggesting a mean payment of MYR 3.07 per visit.These results underscore the economic and non-economic value that urban residents assign to forest benefits,offering new insights into conservation finance and public engagement.The study’s innovation lies in its integration of ecosystem perception with economic valuation in an urban forest setting,providing a replicable framework for sustainable park management across Southeast Asia.
文摘This research investigates token dormancy as a fundamental metric for evaluating cryptocurrency assets and presents a methodology for its measurement.The valuation method involves 4 distinct parameters and utilizes a 3.5-year daily dataset for the“Chainlink”token.The results are used in optimized ARIMA-GARCH models to analyze the first differences between the variables;the out-of-sample forecasts were assessed with performance metrics.Furthermore,this study introduces a novel fundamental value derived from these approaches,the basis for generating selling signals in a backtested trading strategy.The trading strategy results are compared to a benchmark buy-and-hold strategy and a non-selling dollar-cost-averaging strategy for evaluation.Employing the dollar-cost averaging approach for purchase frequency and utilizing the“isolation forest”technique for identifying selling signals within the trading strategy yielded positive results.
基金financed as part of the project“Development of a methodology for instrumental base formation for analysis and modeling of the spatial socio-economic development of systems based on internal reserves in the context of digitalization”(FSEG-2023-0008)funded by the Russian Science Foundation(Agreement 23-41-10001,https://doi.org/https://rscf.ru/project/23-41-10001/).
文摘The results of mass appraisal in many countries are used as a basis for calculating the amount of real estate tax,therefore,regardless of the methods used to calculate it,the resulting value should be as close as possible to the market value of the real estate to maintain a balance of interests between the state and the rights holders.In practice,this condition is not always met,since,firstly,the quality of market data is often very low,and secondly,some markets are characterized by low activity,which is expressed in a deficit of information on asking prices.The aim of the work is ecological valuation of land use:how regression-based mass appraisal can inform ecological conservation,land degradation,and sustainable land management.Four multiple regression models were constructed for AI generated map of land plots for recreational use in St.Petersburg(Russia)with different volumes of market information(32,30,20 and 15 units of market information with four price-forming factors).During the analysis of the quality of the models,it was revealed that the best result is shown by the model built on the maximum sample size,then the model based on 15 analogs,which proves that a larger number of analog objects does not always allow us to achieve better results,since the more analog objects there are.
文摘Seagrass bed ecosystem is a coastal ecosystem with abundant biodiversity and high production. It is also an important system for the sustainable development of human society and economy. Based on the local research, statistical data and prevenient research results, the main services of Hepu seagrass ecosystem were analyzed in the paper, including fishing production, nutrient cycling, scientific research, protecting the coast from eroding, climate regulation, biodiversity, culture, bequest valuation, option valuation and existence valuation and so on. At the same time, we used ecological and economic methods for economic evaluation of seagrass in Hepu of Guangxi, including the market valuation method, contingent valuation method, carbon and tax method, benefit transfer method and expert survey method. The results showed that the total valuation of the Hepu seagrass ecosystem service was about 6.29 × 10^5 Yuan RMB/ha in 2005. Among these services, the indirect using valuation is the main aspect, which was 4.47 x 10^5Yuan RMB/ha in 2005, accounting for 70.97 % of the total valuation. The non-using valuation was 1.54 × 10^5 Yuan RMB/ha in 2005, accounting for 24.52 % of the total valuation. The direct using valuation is the least, which was only 2.84 × 10^4 Yuan RMB/ha in 2005, accounting for 4.51% of the total valuation.
文摘In 1998, the Chinese Government implemented the NFPP （Natural Forest Protection Program）, which included logging restrictions, protected areas, replanting, and a range of other policies aimed at safeguarding the state of the country＇s forests and reducing the risk of erosion and flooding. A second phase of this program is currently being discussed. In this paper, contingent valuation is used to estimate the WTP （willingness to pay） for maintaining the program among the inhabitants in Heilongjiang Province in northern China. The results show that, even with fairly conservative assumptions, the aggregated WTP for maintaining the program for another five years is some 3.24 billion yuan per year. This can be compared with the current cost of the Program in the province, which is some 1.57 billion yuan per year.
基金Supported by the "Research on Benefit Evaluation and Management Plan of Dianchi Lake Wetland" Project of Jiuhu Office,Yunnan Province,Chinathe Technology R&D Program for Social Development of Yunnan Province (2008ZC064M),China~~
文摘[Objective] This study was to analyze the personal Willingness to Pay （WI-P） on the non-use value of Dianchi lake wetland and the influential factors. [Method] Questionnaire was designed according to the Contingent Valuation Method （CVM） to investigate people of different occupations at different ages, based on which the evaluation on non-use value of Dianchi lake wetland was carried out. And the relationship between WTP and social characteristics were analyzed by using non- parametric estimation. [Result] The average WTP on Dianchi lake wetland is 150.03- 217.66 yuan per person every year, and the total WTP is 626-909 million yuan ev- ery year. Age, education and residence of the respondents have remarkable influ- ence on the VVTP. The influence of education level and residence on option value is significant; bequest value is significantly correlated with age; while there is no significant relationship between existence value and social characteristics. [Conclusion] The evaluation on the non-use value of Dianchi lake wetland is important for the scientific development and utilization of wetland resources.
基金Under the auspices of National Natural Science Foundation of China (No.40635028,40801066)State Key Laboratory of Earth Surface Processes and Resource Ecology of China (No.2008-KF-04)
文摘As natural ecosystems provide the material basis and fundamental support for regional sustainable devel-opment,the sustainability of natural ecosystems is an important prerequisite and a viable approach for the achievement of regional sustainable development.It is also the final criteria to assess whether sustainable development paradigm is successful.Along with the increasing impacts of human activities on natural ecosystems,the evaluation of regional ecological sustainability has become one of the key issues for research on macro ecology and sustainable development.Based on different unit of indicators,this study firstly groups the evaluation frameworks of regional ecological sus-tainability into three major types:comprehensive index evaluation with dimensionless unit,monetary valuation,and biophysical quantity measurement.We then discuss and compare these types in terms of basic principles,scope of ap-plications,advantages and shortcomings.Finally,drawn on the discussion about characteristics of ecological sustain-ability,we outline the current trend and future directions of regional ecological sustainability evaluation,for instance,transition from sustainable development evaluation to sustainability science,integration of goal-oriented and problem-solving approaches,combination of spatial pattern analysis and ecological sustainability evaluation,and en-hancement of ecological sustainability evaluation at landscape scale.
基金New Century Excellent Talents in University, No.NCET-08-0056 National Natural Science Foundation of China, No.40971110 National Key Technologies R＆D Program, No.2007BAC30B02
文摘Qinghai Lake Watershed （QLW） is a hot place of a series of ecological restoration and environmental remediation programs nowadays.However,little information is available on change of ecosystem service and economic practice in this area.As ecosystem service and natural capital are closely related with social and economic development,an index of concordance between environment and economy （ICEE） has been proposed to compare the annual variation rate of ecosystem service value （RESV） with that of gross domestic product （RGDP）.Using this Index,we have assessed concordance between environment and economy （CEE） for the QLW in the period 1977-2004.The result showed that from 1977 to 2004,the ecosystem service value in the QLW descended from 128.81×10 8 yuan to 127.32×10 8 yuan;In contrast,the GDP increased from 0.931×10 8 yuan to 8.856×10 8 yuan.The values of the I CEE were -1.14,-0.22,and -0.14 in the stages of 1977-1987,1987-2000 and 2000-2004,respectively.The result indicated that during the first stage 1977-1987,the relationship between environment and economy in the QLW was not concordant but at a high conflict;from 1987 to 2004,there was a low conflict between environment and economy,and the CEE appeared to increase slowly.Analysis of the assessment results showed that the national policies and industrial adjustment practice play an important role in the CEE changes.
基金Under the auspices of Sino-British Fellowship by the British Academy (No. SG-47266)National Natural Science Foundation of China (No. 40371030)
文摘World heritage possesses various kinds of use value and non-use value. Measuring the recreational value of world heritage sites is a key issue in the heritage tourism. This paper employs Contingent Valuation Method (CVM), which is an evaluation instrument on the basis of tourists′ attitude and preference, to measure the recreational value of Jiuzhaigou, one of the World Natural Heritage sites in China, and analyzes the biases in the survey. The results show that: 1) In 2009, Jiuzhaigou′s recreational value was 3.46×108 yuan (RMB), and the per capita Willingness to Pay (WTP) was 137.31 yuan by CVM. Compared with the results of other methods, this result is significantly low. 2) Among the factors that influence Jiuzhaigou tourists′ WTP, psychological perception factors have the greatest effect while demographic and socio-economic characteristics have a small effect on WTP. 3) The virtuality in CVM creates biases both from CVM itself and in the procedures that CVM was implemented. The former includes hypothetical bias, information bias, protest response bias, and strategic bias; and the latter includes the questionnaire design, population and sample definition, sampling and data processing. The paper analyses those biases and illustrates their potential in-fluences on the accuracy of CVM measurement. 4) Although there are various defects in CVM measurement, it is still an effective valuation method.
基金supported by National Key Social Science Research Project(11&ZD042)Forestry Public Welfare Scientific Research Project of the State Forestry Administration in China(200904003)DAAD-K.C.Wong Postdoctoral Fellowship Programme,Germany
文摘To better promote forest resource management and strengthen the development of forest carbon sink marketization, this paper studied the accounting of forest carbon sinks from 2003 to 2008 based on a system of national accounts （SNA） and data from the latest forest resources inventory in China. The study calculated the value of forest carbon stocks at a total of RMB 817.13 × 10^9 yuan in 2003 and RMB 839.93×10^9 yuan in 2008, with an average annual increase of 0.55 % from an increase in physical carbon sinks. The total value of forest carbon sinks in 2003 and 2008 was RMB 26.73×10^9 yuan and RMB 29.77×10^9 yuan, respectively, with an average annual growth of 2.18 %. From 2003 to 2008, both stock and flow value of forest carbon sinks increased, but the total net flow value of carbon sinks decreased. The growth rate for the environmentally adjusted Gross Domestic Product （eaGDP） for China＇s forest carbon sinks was 17.23 %, outstripping the average growth rate of 9.5 % for the GDP during the same period. The study alsoindicates that China＇s forest carbon sinks affects the GDP in the range of 0.25-0.26 %, and its economic potential is not relatively huge.
文摘Human pressure on mountain resources poses certain threats to their natural and man-made environment. Although there are many parameters involved, one of the driving forces behind this situation is the emphasis given so far only to the market value of mountain goods and services, ignoring the true social and environmental costs of using mountain resources. Towards this direction, the use of non-market valuation techniques could prove to be beneficial. Bearing in mind the above remarks, the paper presents an application of the Contingent Valuation Method, which aims at estimating the monetary value of a mountain settlement’s vernacular architecture, namely Metsovo. For this purpose, the survey focuses on Metsovo visitors’ willingness to pay a single annual voluntary contribution to an institution that would be founded in order to undertake all necessary actions required to preserve the town’s traditional character. The results are very promising and indicate that vernacular architecture holds a significant economic value that could justify the implementation of appropriate policies towards the protection of vernacular settlements in mountain areas.
