Investigating the Effect of Interest Rates onWillingness to Pay for Protection of Caspian Sea

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FATAHI AHMAD; FAZLOLLAHI ELHAM

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Journal: Iranian Journal of Agricultural Economics and Development Research Year:2016 | Volume:46-2 | Issue:4 Page(s): 807-816

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Title

Investigating the Effect of Interest Rates onWillingness to Pay for Protection of Caspian Sea

Author(s)

FATAHI AHMAD | FAZLOLLAHI ELHAM | Issue Writer Certificate

Keywords

Conservation valueQ2

Contingent valuationQ2

Willingness to payQ2

Caspian SeaQ2

Interest rateQ2

Abstract

Population growth and increasing the demand for tourism was led to increase the pollution of Caspian Sea. Considering the importance of Caspian Sea on natural ecosystems of its nearby region and its impact on the regional countries and even the world, few studies have been done on financial contribution of individuals for its protection. This study determined the effect of Interest rates on the amount of visitors Willingness to pay, using a single bounded dichotomous choice questionnaire Contingent valuation method. Results showed that Willingness to pay for conservation of Caspian Sea had a significant negative relationship with Interest rates. So with raising Interest rates, tend to pay decreases and vice versa. The results showed that the mean Willingness to pay for protection of Caspian Sea was 51, 215 Rials per annum and the Conservation value per household (2. 6 persons) was 133, 200 Rials per year, for protection of the sea. Therefore, this study provides the necessary reasons for NGOs to provide loans with low Interest rates in order to protecting Caspian Sea.

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APA: Copy

FATAHI, AHMAD, & FAZLOLLAHI, ELHAM. (2016). Investigating the Effect of Interest Rates onWillingness to Pay for Protection of Caspian Sea. IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH, 46-2(4 ), 807-816. SID. https://sid.ir/paper/146468/en

Vancouver: Copy

FATAHI AHMAD, FAZLOLLAHI ELHAM. Investigating the Effect of Interest Rates onWillingness to Pay for Protection of Caspian Sea. IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH[Internet]. 2016;46-2(4 ):807-816. Available from: https://sid.ir/paper/146468/en

IEEE: Copy

AHMAD FATAHI, and ELHAM FAZLOLLAHI, “Investigating the Effect of Interest Rates onWillingness to Pay for Protection of Caspian Sea,” IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH, vol. 46-2, no. 4 , pp. 807–816, 2016, [Online]. Available: https://sid.ir/paper/146468/en

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