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A hybrid coasean and pigouvian approach to payment for ecosystem services program in West Lombok: Does it contribute to poverty alleviation?

Diswandi, D. (2017) A hybrid coasean and pigouvian approach to payment for ecosystem services program in West Lombok: Does it contribute to poverty alleviation? Ecosystem Services, 23 . pp. 138-145.

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Link to Published Version: http://dx.doi.org/10.1016/j.ecoser.2016.12.005
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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.

Item Type: Journal Article
Murdoch Affiliation: Asia Research Centre
School Of Business and Governance
Publisher: Elsevier B.V.
Copyright: © 2016 Elsevier B.V.
United Nations SDGs: Goal 1: No Poverty
URI: http://researchrepository.murdoch.edu.au/id/eprint/35079
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