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A Travel Cost Analysis of the Value of Carnarvon Gorge National Park for Recreational Use

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  • Beal, Diana J.
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    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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    File URL: http://purl.umn.edu/12337
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    Bibliographic Info

    Article provided by Australian Agricultural and Resource Economics Society in its journal Review of Marketing and Agricultural Economics.

    Volume (Year): 63 (1995)
    Issue (Month): 02 (August)
    Pages:

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    Handle: RePEc:ags:remaae:12337

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    Keywords: Resource /Energy Economics and Policy;

    References

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    1. Abraham E. Haspel & F. Reed Johnson, 1982. "Multiple Destination Trip Bias in Recreation Benefit Estimation," Land Economics, University of Wisconsin Press, vol. 58(3), pages 364-372.
    2. John R. McKean & Donn M. Johnson & Richard G. Walsh, 1995. "Valuing Time in Travel Cost Demand Analysis: An Empirical Investigation," Land Economics, University of Wisconsin Press, vol. 71(1), pages 96-105.
    3. V. Kerry Smith & William H. Desvousges & Matthew P. McGivney, 1983. "The Opportunity Cost of Travel Time in Recreation Demand Models," Land Economics, University of Wisconsin Press, vol. 59(3), pages 259-278.
    4. W. Douglass Shaw, 1992. "Searching for the Opportunity Cost of an Individual's Time," Land Economics, University of Wisconsin Press, vol. 68(1), pages 107-115.
    5. V. Kerry Smith, 1993. "Nonmarket Valuation of Environmental Resources: An Interpretive Appraisal," Land Economics, University of Wisconsin Press, vol. 69(1), pages 1-26.
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    Cited by:
    1. Amoako-Tuffour, Joe & Martınez-Espineira, Roberto, 2008. "Leisure and the Opportunity Cost of Travel Time in Recreation Demand Analysis: A Re-Examination," MPRA Paper 8573, University Library of Munich, Germany.
    2. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics 2009/35, ISEG - School of Economics and Management, Department of Economics, University of Lisbon.
    3. Beal, Diana J., 1998. "'A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use': reprise," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 42(3), September.
    4. Euston QUAH, 2012. "Cost-Benefit Analysis in Developing Countries: What’s Different?," Economic Growth centre Working Paper Series 1205, Nanyang Technolgical University, School of Humanities and Social Sciences, Economic Growth centre.
    5. Simões, Paula & Barata, Eduardo & Cruz, Luís, 2013. "Joint estimation using revealed and stated preference data: An application using a national forest," Journal of Forest Economics, Elsevier, vol. 19(3), pages 249-266.
    6. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2005. "Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park," Econometrics 0511007, EconWPA.
    7. Nillesen, Eleonora & Wesseler, Justus & Cook, Averil, 2003. "Correcting for multiple destination trips in recreational use values using a mean-value approach; An application to Bellenden Ker National Park, Australia," Mansholt Working Papers 46733, Wageningen University, Mansholt Graduate School of Social Sciences.
    8. Rolfe, John & Dyack, Brenda, 2010. "Testing for convergent validity between travel cost and contingent valuation estimates of recreation values in the Coorong, Australia," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 54(4), December.
    9. Paula Simões & Luís Cruz & Eduardo Barata, 2012. "Non-market Recreational Value of a National Forest: Survey Design and Results," GEMF Working Papers 2012-09, GEMF - Faculdade de Economia, Universidade de Coimbra.
    10. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2008. "Multi-destination and multi-purpose trip effects in the analysis of the demand for trips to a remote recreational site," EERI Research Paper Series EERI_RP_2008_19, Economics and Econometrics Research Institute (EERI), Brussels.
    11. Rolfe, John & Prayaga, Prabha, 2006. "Estimating Values for Recreational Fishing at Freshwater Dams in Queensland," 2006 Conference (50th), February 8-10, 2006, Sydney, Australia 139896, Australian Agricultural and Resource Economics Society.
    12. Doshi, Amar & Pascoe, Sean, 2013. "Investigating the effects of sample heterogeneity on the travel cost model for coral diving in Southeast Asia," 2013 Conference (57th), February 5-8, 2013, Sydney, Australia 152146, Australian Agricultural and Resource Economics Society.
    13. Shrestha, Ram K. & Loomis, John B., 2001. "Testing a meta-analysis model for benefit transfer in international outdoor recreation," Ecological Economics, Elsevier, vol. 39(1), pages 67-83, October.
    14. Muhammad Rafiq & Shafiqullah, 2007. "Demand Analysis of Recreation Visits to Chitral Valley: A Natural Resource Management Perspective," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 46(4), pages 971-984.
    15. King, Steven & Fraser, Iain, 2013. "Divestment of the English Forestry Estate: An economically sound choice?," Ecological Economics, Elsevier, vol. 88(C), pages 25-31.
    16. Rolfe, John & Prayaga, Prabha, 2007. "Estimating values for recreational fishing at freshwater dams in Queensland," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 51(2), June.

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