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Public willingness to pay for environmental management, risk reduction and economic development Evid.pdf

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Public willingness to pay for environmental management, risk reduction and economic development Evid

China Economic Review 19 (2008) 551–566 Contents lists available at ScienceDirect China Economic ReviewPublic willingness to pay for environmental management, risk reduction and economic development: Evidence from Tianjin, China Guofang ZHAI a,b,c,?, Takeshi SUZUKI c a Sino-French Centre for Urban, Regional and Planning Studies, Nanjing University, 22 Hankou Road, Nanjing 210093, China b Department of Urban and Regional Planning, Nanjing University, 22 Hankou Road, Nanjing 210093, China c National Institute for Land and Infrastructure Management, Ministry of Land, Infrastructure and Transport, 1-1, 3 Chome, Nagase, Yokosuka City 239-0826, Japana r t i c l e i n f o? Corresponding author. Department of Urban and fax: +86 25 E-mail addresses: guofang.zhai@, guofan 1043-951X/$ – see front matter ? 2008 Elsevier Inc. doi:10.1016/j.chieco.2008.08.001a b s t r a c tArticle history: Received 16 May 2007 Received in revised form 4 August 2008 Accepted 4 August 2008Following the rapid economic development of China and the improvement of living standards there, the Chinese people are increasing their demand for improvement of environmental quality. This paper reports the results of a choice experiment approach to evaluating the preferences and willingness of residents of Chinese coastal areas to pay for environmental management and regional development. The survey results show that people are most concerned about water quality, fishery development, garbage and oil on the sea and beaches, planting trees and grass in coastal areas, and reducing the risk of earthquakes, high waves, tsunamis, and floods. Respondents were willing to pay 19.7 RMB (Chinese dollars) for a 10% improvement of water quality; 24.6 RMB for a 10% reduction of garbage and oil pollution at the seaside; 24.2 RMB for a 10% improvement in the coastal ecosystem; and 17.3 RMB, 39.0 RMB and 20.7 RMB for 10% reductions in the respective risks of earthquakes, high waves and tsunamis, and floods. The margin