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Recreational Use Value of Lakes-An Application of Travel Cost Method-A Case of Lake Ziway

Author

Listed:
  • Yrgalem Desta
  • Mekonnen Bersisa

    (Raya University, Ethiopia)

Abstract

Lake Ziway is one of the largest freshwater Rift Valley Lakes of the Ethiopia; the Lake holds the intrinsic value and aesthetic quality of a wetland, including its functions like shelter for a diversity of plants, aquatic birds and fishes and it is also home of different monastery. This beautiful nature of the lake attracts many visitors. However, despite the many sources of attractions, because the public goods nature of the lake its demand and value in terms of its recreation service to society is not known, which makes deficit to sustain and expand the recreational service of the lake. For this reason, this study analyzed the recreational value of Lake and its demand using an individual travel cost method (ITCM) based on face-to-face interview with 223 randomly selected local visitors of the Lake.

Suggested Citation

  • Yrgalem Desta & Mekonnen Bersisa, 2019. "Recreational Use Value of Lakes-An Application of Travel Cost Method-A Case of Lake Ziway," International Journal of Environmental Sciences & Natural Resources, Juniper Publishers Inc., vol. 19(4), pages 105-111, May.
    • Handle: RePEc:adp:ijesnr:v:19:y:2019:i:4:p:105-111
    DOI: 10.19080/IJESNR.2019.19.556018
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    References listed on IDEAS

    as
    1. K. G. Willis & G. D. Garrod, 1991. "An Individual Travel‐Cost Method Of Evaluating Forest Recreation," Journal of Agricultural Economics, Wiley Blackwell, vol. 42(1), pages 33-42, January.
    2. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427.
    3. Loomis, John & Yorizane, Shizuka & Larson, Douglas, 2000. "Testing Significance of Multi-Destination and Multi-Purpose Trip Effects in a Travel Cost Method Demand Model for Whale Watching Trips," Agricultural and Resource Economics Review, Cambridge University Press, vol. 29(2), pages 183-191, October.
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    Cited by:

    1. Atalel Wubalem & Teshale Woldeamanuel & Zerihun Nigussie, 2023. "Economic Valuation of Lake Tana: A Recreational Use Value Estimation through the Travel Cost Method," Sustainability, MDPI, vol. 15(8), pages 1-20, April.

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    Keywords

    earth and environment journals; environment journals; open access environment journals; peer reviewed environmental journals; open access; juniper publishers; ournal of Environmental Sciences; juniper publishers journals ; juniper publishers reivew;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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