File Download

There are no files associated with this item.

  Links for fulltext
     (May Require Subscription)
Supplementary

Article: Cost-benefit analysis of the leisure value of urban greening in the new Chinese city of Zhuhai

TitleCost-benefit analysis of the leisure value of urban greening in the new Chinese city of Zhuhai
Authors
KeywordsContingent Valuation
Cost-Benefit Analysis
Leisure Value
Urban Greening
Zhuhai
Issue Date2008
PublisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/cities
Citation
Cities, 2008, v. 25 n. 5, p. 298-309 How to Cite?
AbstractNature in cities is increasingly preserved or created to improve urban environmental quality. Green space provision is proceeding apace in many Chinese cities. Cost-benefit analysis of such projects is needed to justify the level of investment and the use of public funds. This paper assessed the use pattern of urban green spaces in the new Zhuhai city in south China, and employed the contingent valuation method to estimate the non-market leisure value of an ambitious new urban greening project. A questionnaire survey of 850 randomly chosen households was conducted. Some 65.7% of respondents used public green spaces for leisure frequently and young residents aged 20-30 were less frequent users. The new greening project was strongly supported for its leisure and ecological values. The logit regression model indicated that household income and bid amount would affect individual willingness-to-pay (WTP). The mean WTP was RMB161.84 per household per year, translated into an aggregate leisure value of RMB12.3 million per year. The net present value is projected to be RMB-32.94 million and the discounted benefit-cost ratio is 0.88 when other benefits were not included. The findings confirmed community support and verified the application of cost-benefit analysis in projects related to non-market public goods, and the applicability of contingent valuation method in the Chinese context. The study could serve as the basis to launch other cost-benefits analysis of nature conservation projects which need urgent attention in view of the rapid pace of urbanization in China to contribute to sustainable city goals. © 2008 Elsevier Ltd. All rights reserved.
Persistent Identifierhttp://hdl.handle.net/10722/157899
ISSN
2015 Impact Factor: 2.051
2015 SCImago Journal Rankings: 1.422
ISI Accession Number ID
References

 

DC FieldValueLanguage
dc.contributor.authorChen, WYen_US
dc.contributor.authorJim, CYen_US
dc.date.accessioned2012-08-08T08:56:12Z-
dc.date.available2012-08-08T08:56:12Z-
dc.date.issued2008en_US
dc.identifier.citationCities, 2008, v. 25 n. 5, p. 298-309en_US
dc.identifier.issn0264-2751en_US
dc.identifier.urihttp://hdl.handle.net/10722/157899-
dc.description.abstractNature in cities is increasingly preserved or created to improve urban environmental quality. Green space provision is proceeding apace in many Chinese cities. Cost-benefit analysis of such projects is needed to justify the level of investment and the use of public funds. This paper assessed the use pattern of urban green spaces in the new Zhuhai city in south China, and employed the contingent valuation method to estimate the non-market leisure value of an ambitious new urban greening project. A questionnaire survey of 850 randomly chosen households was conducted. Some 65.7% of respondents used public green spaces for leisure frequently and young residents aged 20-30 were less frequent users. The new greening project was strongly supported for its leisure and ecological values. The logit regression model indicated that household income and bid amount would affect individual willingness-to-pay (WTP). The mean WTP was RMB161.84 per household per year, translated into an aggregate leisure value of RMB12.3 million per year. The net present value is projected to be RMB-32.94 million and the discounted benefit-cost ratio is 0.88 when other benefits were not included. The findings confirmed community support and verified the application of cost-benefit analysis in projects related to non-market public goods, and the applicability of contingent valuation method in the Chinese context. The study could serve as the basis to launch other cost-benefits analysis of nature conservation projects which need urgent attention in view of the rapid pace of urbanization in China to contribute to sustainable city goals. © 2008 Elsevier Ltd. All rights reserved.en_US
dc.languageengen_US
dc.publisherPergamon. The Journal's web site is located at http://www.elsevier.com/locate/citiesen_US
dc.relation.ispartofCitiesen_US
dc.subjectContingent Valuationen_US
dc.subjectCost-Benefit Analysisen_US
dc.subjectLeisure Valueen_US
dc.subjectUrban Greeningen_US
dc.subjectZhuhaien_US
dc.titleCost-benefit analysis of the leisure value of urban greening in the new Chinese city of Zhuhaien_US
dc.typeArticleen_US
dc.identifier.emailJim, CY:hragjcy@hkucc.hku.hken_US
dc.identifier.authorityJim, CY=rp00549en_US
dc.description.naturelink_to_subscribed_fulltexten_US
dc.identifier.doi10.1016/j.cities.2008.06.002en_US
dc.identifier.scopuseid_2-s2.0-51349108661en_US
dc.identifier.hkuros164828-
dc.relation.referenceshttp://www.scopus.com/mlt/select.url?eid=2-s2.0-51349108661&selection=ref&src=s&origin=recordpageen_US
dc.identifier.volume25en_US
dc.identifier.issue5en_US
dc.identifier.spage298en_US
dc.identifier.epage309en_US
dc.identifier.isiWOS:000259849900004-
dc.publisher.placeUnited Kingdomen_US
dc.identifier.scopusauthoridChen, WY=7409636917en_US
dc.identifier.scopusauthoridJim, CY=7006143750en_US
dc.identifier.citeulike5202932-

Export via OAI-PMH Interface in XML Formats


OR


Export to Other Non-XML Formats