• Title/Summary/Keyword: non-Capital countryside

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Economic Valuation of Green Spaces for Residents in non-Capital Areas (비수도권 주민들의 녹지공간 경제가치 추정)

  • Choi, Andy Sungnok
    • Environmental and Resource Economics Review
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    • v.30 no.1
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    • pp.1-26
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    • 2021
  • This paper aims to examine economic values of green spaces for non-Capital areas that have been rarely studied. Choice experiments were applied to two dissimilar but adjoining areas: The City of Jeonju and Wanju County. Split-sample surveys allowed to compare between apartment dwellers and single- or multi-family house dwellers, and across differing types of green spaces. According to the results, significant and substantial preferences might prevail not only for large cities, but also for agricultural areas. The mean willingness-to-pay (WTP) values of apartment dwellers for the view of a river/lake or mountain were generally smaller than those of Seoul, while the overall access values showed the opposite relationships. House dwellers in Jeonju showed substantially larger economic values for green spaces than those of the counterparts in Seoul, except for the access value of a river/lake. The findings grant follow-up studies investigating the reasons for the anomalous preferences particularly in Jeonju and identifying new management policies for non-Capital areas.