earticle

영어

The purpose of this study is to measure the economic value of urban ecological riverside park in Daejeon Metropolitan City using contingent valuation method(CVM). About 500 citizens were surveyed regarding the willingness to pay for hypothetical environmental goods. Socio-economic factors of those surveyed were collected simultaneously. By the pre-survey result, starting price was decided to avoid the bias. After 2 times of question, we got the final price of willingness to pay under the given condition.The results of analysis are as follows; First, average price of willingness to pay for the entrance permit coupon of the ecological riverside park was 4,441.1 Korean Won(about US$4.33) per household annually. Second, total value of the planned ecological park is estimated at 2,258.14 million Korean Won(about US$2,203 thousand) per year. The capitalized value discounted by social discount rate is presumed at 51.6 billion Korean Won(about US$50.3 million). Finally, citizens surveyed around the project area(Daejeon River) showed lower price than those of other area. It was because that income of them were relatively low and they could be affected by the traffic jam caused by removal of riverside road to build up the ecological river park.