A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use

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

Abstract

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.


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Item Type: Article (Commonwealth Reporting Category C)
Refereed: Yes
Item Status: Live Archive
Additional Information: c. Australian Agricultural and Resource Economics Society.
Depositing User: epEditor USQ
Faculty / Department / School: Historic - Faculty of Business - Department of Marketing and Tourism
Date Deposited: 30 Sep 2011 00:45
Last Modified: 03 Jul 2013 00:47
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
URI: http://eprints.usq.edu.au/id/eprint/19666

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