Travel Cost Analysis of Recreation Value in the Wet Tropics World Heritage Area
AbstractTravel cost analysis for Australian tourists to the Wet Tropics of Queensland World Heritage Area was undertaken in order to derive a consumer surplus value for use in examining benefits of sustainable tourism to the area. Randall's contention that travel cost analysis produces relative rather than absolute values of welfare was tested by using several different versions of travel cost specification, and found to be supported. Nevertheless, the analysis produced values of a magnitude that indicate high positive benefits from visitor use to the World Heritage Area, provided the area is managed to be ecologically sustainable.
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Bibliographic InfoArticle provided by Queensland University of Technology (QUT), School of Economics and Finance in its journal Economic Analysis and Policy (EAP).
Volume (Year): 32 (2002)
Issue (Month): 2 (June Special Issue)
Find related papers by JEL classification:
- Q26 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Recreational Aspects of Natural Resources
- Q23 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Forestry
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- repec:ags:mareec:48547 is not listed on IDEAS
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- Curtis, Ian A., 2004. "Valuing ecosystem goods and services: a new approach using a surrogate market and the combination of a multiple criteria analysis and a Delphi panel to assign weights to the attributes," Ecological Economics, Elsevier, vol. 50(3-4), pages 163-194, October.
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