Beal, Diana (1995) A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use. Review of Marketing and Agricultural Economics, 63 (2). pp. 292-303. ISSN 0034-6616
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Official URL: http://purl.umn.edu/12337
National parks as natural areas preserved from the more disruptive forms of economic activity provide a multitude of benefits to humankind, and these may be classified as either on-site use benefits or off-site benefits. This paper reports an applied case which is concerned with the measurement of the value of the recreational use benefits for one such national park. Whilst the national park is under no immediate threat, having an indication of the economic value of recreational opportunities within the park can aid future planning and decision-making. The emphasis in this study was to use and test TCM for rapid valuation appraisal. Demand curves for both camping and day visits are estimated and consumer surplus calculated. A value of $40m. is estimated as the net present value of the recreational use alone in 1993-94 values at 6 per cent real rate of interest in perpetuity.
|Item Type:||Article (Commonwealth Reporting Category C)|
|Additional Information:||c. Australian Agricultural and Resource Economics Society.|
|Uncontrolled Keywords:||environmental preservation; national parks; tourism; recreational use; economic value|
|Fields of Research (FOR2008):||15 Commerce, Management, Tourism and Services > 1506 Tourism > 150601 Impacts of Tourism|
14 Economics > 1402 Applied Economics > 140205 Environment and Resource Economics
14 Economics > 1402 Applied Economics > 140216 Tourism Economics
|Socio-Economic Objective (SEO2008):||E Expanding Knowledge > 97 Expanding Knowledge > 970115 Expanding Knowledge in Commerce, Management, Tourism and Services|
|Deposited On:||30 Sep 2011 10:45|
|Last Modified:||28 Aug 2012 11:03|
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