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Author’s VersionCC BY-NC-ND V4.0, Open Access
Journal article
A hybrid coasean and pigouvian approach to payment for ecosystem services program in West Lombok: Does it contribute to poverty alleviation?
Ecosystem Services, Vol.23, pp.138-145
2017
Abstract
The Payment for Ecosystem Services (PES) concept is mainly based on Coasean economics theory that emphasizes the creation of a voluntary or market-based transaction for ecosystem services. Alternatively, many PES practiced in developing countries are based on Pigouvian economic theory allowing government intervention such as through regulation, tax or subsidy. A hybrid PES approach that compound Coasean and Pigouvian theory was developed in West Lombok Indonesia leading to a new policy paradigm that combines elements of both a voluntary market-based and mandatory policy-based system. This study aims to assess how the hybrid PES program contributes to poverty alleviation. By employing a participatory econometrics approach, this study found that the hybrid PES system does not contribute to poverty alleviation in short-term. It is possible that this PES program contributes to poverty alleviation in long-term.
Details
- Title
- A hybrid coasean and pigouvian approach to payment for ecosystem services program in West Lombok: Does it contribute to poverty alleviation?
- Authors/Creators
- D. Diswandi (Author/Creator) - Murdoch University
- Publication Details
- Ecosystem Services, Vol.23, pp.138-145
- Publisher
- Elsevier B.V.
- Identifiers
- 991005540363407891
- Copyright
- © 2016 Elsevier B.V.
- Murdoch Affiliation
- Asia Research Centre; School of Business and Governance
- Language
- English
- Resource Type
- Journal article
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