Are marine protected areas in the Turks and Caicos Islands ecologically or economically valuable?

Are marine protected areas in the Turks and Caicos Islands ecologically or economically valuable?

Primary Country: Turks and Caicos
Ecosystem: species
Sample Value Estimates: Conservation of Nassau grouper and other key finfish species could result in a loss of revenue for artisanal fishers in the Turks and Caicos Islands, or 'TCI.' However, in the TCI a $5 increase in the price of a dive might lead to revenue of up to $750,000. Thus, the income generated through premium pricing for access to MPA dive sites might be sufficient to compensate fishers for losses of fishing opportunities due to MPA implementation as well as cover the marginal costs of expanded park operations necessary for the protection for the ecological services crucial to the competitiveness of the dive industry.
Methodology: Conjoint Value Analysis
Region: Americas and Europe

Publication information

Rudd, M.A. A.J. DanylchukS.A. GoreM.H. Tupper “Are marine protected areas in the Turks and Caicos Islands ecologically or economically valuable?” Fisheries Center Research Reports 9(8): 198-211, 2001

Addtional Notes

 

 

The focal species for this study was Nassau grouper because it is thought to have both consumptive and non-consumptive use values for the restaurant and dive industries, respectively. The goals of the survey were to: 1. identify key environmental attributes that add value to the experience of Turks &

Caicos Islands, or 'TCI', dive tourists, and 2. assess the price sensitivity of divers to changing levels of these key attributes. 

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