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Economic Valuation of Mining Heritage from a Recreational Approach: Application to the Case of El Soplao Cave in Spain (Geosite UR004)

Author

Listed:
  • Rubén Pérez-Álvarez

    (Polytechnic School of Mining and Energy Engineering, University of Cantabria, Torrelavega 39316, Spain
    These authors contributed equally to this work.)

  • Saúl Torres-Ortega

    (Instituto de Hidráulica Ambiental "IH Cantabria", University of Cantabria, Santander 39011, Spain
    Current address: Instituto de Hidráulica Ambiental "IH Cantabria", University of Cantabria, Avda. Isabel Torres 15, PCTCAN, Santander 39011, Spain.
    These authors contributed equally to this work.)

  • Pedro Díaz-Simal

    (Instituto de Hidráulica Ambiental "IH Cantabria", University of Cantabria, Santander 39011, Spain
    These authors contributed equally to this work.)

  • Raúl Husillos-Rodríguez

    (Polytechnic School of Mining and Energy Engineering, University of Cantabria, Torrelavega 39316, Spain
    These authors contributed equally to this work.)

  • Julio Manuel De Luis-Ruiz

    (Polytechnic School of Mining and Energy Engineering, University of Cantabria, Torrelavega 39316, Spain
    These authors contributed equally to this work.)

Abstract

Heritage tourism can increase incomes and stimulate the economy in former mining areas. Recreational tourism is one of the main sources of value of heritage. People from urban areas are willing to pay for access to these tourism options. The measurement of the economic impact of this availability is one of the main problems to confront, due to the immeasurable possibilities of heritage resources. The use of non-market values and their estimation by means of revealed preference methods should help to assess the economic value of this sort of resources from a recreational perspective. The travel cost method (TCM) is widely used to value areas with recreational uses, such as lakes, beaches or forests, but there are not references to previous applications of this methodology in the field of mining heritage. In this work, TCM has been applied to obtain the economic value of El Soplao Cave (Geosite UR004, Cantabria, Spain) as a recreational site, providing an estimated result of 34,961,162 euros.

Suggested Citation

  • Rubén Pérez-Álvarez & Saúl Torres-Ortega & Pedro Díaz-Simal & Raúl Husillos-Rodríguez & Julio Manuel De Luis-Ruiz, 2016. "Economic Valuation of Mining Heritage from a Recreational Approach: Application to the Case of El Soplao Cave in Spain (Geosite UR004)," Sustainability, MDPI, vol. 8(2), pages 1-15, February.
    • Handle: RePEc:gam:jsusta:v:8:y:2016:i:2:p:185-:d:64187
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    4. Saúl Torres-Ortega & Rubén Pérez-Álvarez & Pedro Díaz-Simal & Julio Manuel De Luis-Ruiz & Felipe Piña-García, 2018. "Economic Valuation of Cultural Heritage: Application of Travel Cost Method to the National Museum and Research Center of Altamira," Sustainability, MDPI, vol. 10(7), pages 1-13, July.
    5. Fernando Morante-Carballo & Miguel Gurumendi-Noriega & Juan Cumbe-Vásquez & Lady Bravo-Montero & Paúl Carrión-Mero, 2022. "Georesources as an Alternative for Sustainable Development in COVID-19 Times—A Study Case in Ecuador," Sustainability, MDPI, vol. 14(13), pages 1-30, June.
    6. Fernando Vidal Gimenez & Claudio Ruiz Mas, 2020. "The Valuation of Recreational Use of Wetlands and the Impact of the Economic Crisis," IJERPH, MDPI, vol. 17(9), pages 1-16, May.
    7. Vladimír Čech & Bohuslava Gregorová & Juliana Krokusová & Vladislava Košová & Pavel Hronček & Mário Molokáč & Jana Hlaváčová, 2020. "Environmentally Degraded Mining Areas of Eastern Slovakia As a Potential Object of Geotourism," Sustainability, MDPI, vol. 12(15), pages 1-26, July.
    8. Jamal Othman & Yaghoob Jafari, 2019. "Economic Valuation of an Urban Lake Recreational Park: Case of Taman Tasik Cempaka in Bandar Baru Bangi, Malaysia," Sustainability, MDPI, vol. 11(11), pages 1-15, May.

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