Международный журнал экономики и менеджмента

Valuation of Public Goods in Agricultural Landscape: The Case of Slovakia

Abstract

Dimuth Hasantha Nambuge

For decades economists have devoted attention to issues of valuing public goods. However, such studies do not exist in case of Slovak economy. In this paper we aim to evaluate willingness to pay (WTP) for agricultural landscape in Slovakia by using the Contingent valuation method. Our research objectives prioritises how the public values agricultural landscape held by small and large farms Majority of Slovak farms are identified large in size compared to the EU28. As shown by our results the WTP for landscape offered by large farms is 23.88 Euros per individual per calendar year. These results provide important insights for decision makers, policy makers and social scientists.