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http://dx.doi.org/10.9715/KILA.2014.42.2.019

A Study of Economic Assessment of Urban Park Management by Using Contingent Valuation Method - The Case of Busan APEC Memorial Park -  

Kim, Yeong-Ha (Dept. of Landscape Architecture, Dong-A University)
Park, Seung-Burm (Dept. of Landscape Architecture, Dong-A University)
Publication Information
Journal of the Korean Institute of Landscape Architecture / v.42, no.2, 2014 , pp. 19-32 More about this Journal
Abstract
This study evaluated economic value recognized by the residents for the pleasant urban park management using contingent valuation method(CVM) to APEC Memorial Park in Pusan in terms of private fund development for the management of the city park. As a result, the estimated amount payable by each household for the management of APEC Memorial Park in Busan was between 5,673 won and 8,358 won. If such amount is expanded to households in park hosting area, it was 2.2~2.3 times of the park management budget in 2012, which demonstrates the willingness to pay (WTP) of residents for pleasant park was higher than the management budget. Social factors of respondents affecting WTP for city park management operation included age, educational level and income level. Those with high age and high education level had higher WTP. And, WTP was much affected by the use of park and recognition of residents. In particular, those with high frequency in the use of parks had higher WTP, and the users with more than once per week had 1.1 times higher WTP than overall WTP. Then, the satisfaction of park rather than recognition of necessity of park had led to higher WTP. Accordingly, it is necessary to manage park facility management and use program operation to enhance park satisfaction and it is also required to develop a park culture distribution policy to link such recognition to donation.
Keywords
Satisfaction of Park; Necessity of Park; Willingness to Pay(WTP); Private Fund;
Citations & Related Records
Times Cited By KSCI : 7  (Citation Analysis)
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