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Economic valuation of coastal resources in Timor-Leste: Direct use values of coastal resources in Batugade, Balibo, Bobonardo District, Timor-Leste
Thesis Abstract:
The small island districts of Timor-Leste are highly dependent upon their marine resources for economic and social development. Fisheries is an important livelihood source and provides sustenance for the people of the country. It contributes to food security, poverty alleviation, employment, foreign exchange earnings, and development and stability of rural and coastal communities.
Coastal resources are important components of natural resources, as well as treasures of national economic and social development. Coastal resources economic valuation starts with a total economic value (TEV) framework.
This study conducted economic valuation of coastal resources based on the main species harvested and using market prices of such species by undertaking a personal interview of 27 fishers in Batugade Village, Balibo, Bobonaro District. The direct use of value of the mangroves, coral reef, and seagrass based on local use was assessed from the gross income generated by the community from the mangrove, coral reef, and seagrass in terms of main species harvested such as shellfish, crab, mollusks, and others. Market prices were used to calculate the gross income generated.
The output from each ecosystem on consistent good catch all throughout the year generated an average income per fisher amounting to USD 1,181.16 (income from mangroves, USD 359.30 + income from coral reefs, USD 414.20 + income from seagrass, USD 407.66) or a monthly income of USD 98.43 per fisher per month. However, if good catch from each ecosystem is only for half of the year, the average income per fisher amounted to USD 885.19 (income from mangroves, USD 268.8 + income from coral reefs, USD 310.65 + income from seagrasses, USD 305.74). This would provide an estimated monthly income of USD 73.76 per fisher per month.
Further studies are needed to ascertain the economic values of other goods and services (indirect use values) that such ecosystem provides. Nevertheless, the substantial economic value of the resources warrants a comprehensive program for conservation and sustainability of these resources. Inevitably, this program will involve capacity building and training of personnel in government and other agencies
concerned with coastal resources of Timor-Leste.