Journal
SUSTAINABILITY
Volume 6, Issue 10, Pages 6714-6728Publisher
MDPI
DOI: 10.3390/su6106714
Keywords
household survey; ecological compensation; willingness to pay (WTP); Poyang Lake Wetland; China
Funding
- National Major Social Science Fund of China [12ZD213]
- National Science Foundation of China [41261110, 41461118]
- China Postdoctoral Foundation [2014M551849]
- Humanities and Social Science Fund of Jiangxi [JJ1420]
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This study examines the determinants of farmers' willingness to pay (WTP) and their payment levels for ecological compensation of the Poyang Lake Wetland in China. We developed a farmer household survey and gathered 292 effective responses. The contingent valuation method (CVM) and Heckman's two-step model were employed for the empirical study. Results show that 46.58% of farmers are willing to pay ecological compensation, with an average price of $64.39/household per year. The influencing factors that significantly influence farmers' WTP include household income, residential location, emphasis on improvement of wetland resources, arable land area, and contracted water area. In addition, household income, residential location, arable land area, and contracted water area are significantly related to their payment levels. The results of this empirical study inform important policy implications and recommendations.
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