The Opportunity Cost for Landowners due to Protected Area Designation: Focusing on Odaesan in Gangwon State
2024
Jeong, H.S. | You, J.W. | Han, H. | Youn, Y.C.
Designating protected areas for ecosystem conservation has been expanding globally; however, these land use regulations impose costs on landowners. Furthermore, the increase in opportunity costs for landowners can negatively affect the effectiveness and sustainability of policies regarding ecosystem conservation. This study analyzed the effects of protected area designation on land prices and quantitatively estimated the opportunity costs for landowners. The Odaesan region in Gangwon State, South Korea, where the Baekdudaegan Protected Area and Odaesan National Park overlap, was selected as the study area. Officially assessed individual land price data were used, and land price changes were evaluated based on two criteria: the designation status of protected areas and the overlap of multiple protected areas. The results showed that land prices were lower in areas designated as protected areas compared to those in nondesignated areas, with a more pronounced trend in areas with overlapping designations compared to single designations. Consequently, the annual opportunity cost borne by the landowners was estimated to be 238–280KRW/m2 . When designing and operating incentive systems, such as the recently discussed payments for ecosystem services, it is necessary to more actively reflect the opportunity costs of landowners, as this should promote efficient and sustainable management of protected areas.
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