@article{Vicente:337427,
      recid = {337427},
      author = {Vicente, Millinia Ciela  and Loja, Princess Joan  and  Subade, Rodelio},
      title = {Economic valuation of ecosystem services in Balatin River  Sub-Watershed, Southern Philippines},
      journal = {Agricultural and Resource Economics: International  Scientific E-Journal},
      address = {2023-03-20},
      number = {1868-2023-1445},
      month = {Mar},
      year = {2023},
      abstract = {Purpose. The study aimed to estimate the economic value of  the ecosystem services provided by the Balatin River  Sub-Watershed (BRSW) as a basis for policy recommendations  focused on its conservation. Methodology / approach. The  economic values were estimated through the Total Economic  Value approach. To estimate the use values of the provision  of water supply for households and irrigation use, the  market price method and productivity method were used,  respectively. Meta-analysis benefit transfer was used to  estimate the non-use values. Results. An estimated  1,327,560 m3 of water is supplied to households every year  with total revenue of PHP 20,626,441.20 per year. PHP  4,026,773.80 is generated annually to provide irrigation  water. In addition, regulating services of the BRSW  generate an amount of PHP 12,191,487.85 in 2021 price  levels as a benefit for the residents. This generates an  estimated total economic value of PHP 36,844,702.85 with  benefits spread across the users in the community. The  water for drinking benefits accrue to the residents whose  water is supplied by the BRSW through the Wao Water  District, the benefits of irrigation water are mostly  received by farmers, and the benefits of regulating  services accrue entirely to the residents within the BRSW  and the surrounding communities. Originality / scientific  novelty. This study was able to obtain a relatively higher  estimated value by using multiple valuation methods in  contrast to the conventional method of using a single  approach. Additionally, the study contributes to addressing  the limitation in existing literature particularly in the  BRSW and the remaining sub-watersheds of Lanao del Sur  which also suffer from degradation. Practical value /  implications. The results of this study show that the BRSW  is currently an indispensable resource for the  municipality. The study is a first in the municipality and  can therefore be used as an input in the appraisal of the  watershed’s economic value. The estimated economic value  generated by the watershed illustrates a portion of what  has been neglected over the past decades as the  deterioration of BRSW continues.},
      url = {http://ageconsearch.umn.edu/record/337427},
      doi = {https://doi.org/10.22004/ag.econ.337427},
}