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Economic Value Estimation of the Natural Heritage of the Tatra National Park

Author

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  • Matus Kubak

    (Department of Regional Sciences and Management, Faculty of Economics, Technical University in Košice, 040 01 Košice, Slovak Republic, matus.kubak@tuke.sk)

  • Beata Gavurova

    (Center for Applied Economic Research, Faculty of Management and Economics, Tomas Bata University in Zlín, 760 01 Zlín, Czech Republic)

  • Klaudia Legutka

    (Faculty of Economics, Technical University in Košice, 040 01 Košice, Slovak Republic, legutka.klaudia@gmail.com)

Abstract

The aim of the study is to determine the economic value of the Tatra National Park. The willingness to pay approximation was used. Additionally, a questionnaire survey was applied in order to collect data. It contained a hypothetical event, and respondents expressed their willingness to pay an annual entry fee to the Tatra National Park in exchange for a guarantee of stopping the interference to its integrity. The total number of respondents was 921. The results show that the income level has a positive impact on respondents’ willingness to pay for entry to the Tatra National Park. With the increase of fee, the willingness to pay for entry to the Tatra National Park decreased by 2.2% for every additional price increase. The resulting value of the Tatra National Park, with the limits of the presented research mentioned in the paper, is approximately 17.5 million €.

Suggested Citation

  • Matus Kubak & Beata Gavurova & Klaudia Legutka, 2020. "Economic Value Estimation of the Natural Heritage of the Tatra National Park," IJERPH, MDPI, vol. 17(9), pages 1-17, April.
    • Handle: RePEc:gam:jijerp:v:17:y:2020:i:9:p:3032-:d:350962
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    References listed on IDEAS

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    1. Hadker, Nandini & Sharma, Sudhir & David, Ashish & Muraleedharan, T. R., 1997. "Willingness-to-pay for Borivli National Park: evidence from a Contingent Valuation," Ecological Economics, Elsevier, vol. 21(2), pages 105-122, May.
    2. David Hoyos & Petr Mariel, 2010. "Contingent Valuation: Past, Present and Future," Prague Economic Papers, Prague University of Economics and Business, vol. 2010(4), pages 329-343.
    3. Ian Bateman & Ian Langford, 1997. "Non-users' Willingness to Pay for a National Park: An Application and Critique of the Contingent Valuation Method," Regional Studies, Taylor & Francis Journals, vol. 31(6), pages 571-582.
    4. Champ, Patricia A. & Bishop, Richard C. & Brown, Thomas C. & McCollum, Daniel W., 1997. "Using Donation Mechanisms to Value Nonuse Benefits from Public Goods," Journal of Environmental Economics and Management, Elsevier, vol. 33(2), pages 151-162, June.
    5. Togridou, Anatoli & Hovardas, Tasos & Pantis, John D., 2006. "Determinants of visitors' willingness to pay for the National Marine Park of Zakynthos, Greece," Ecological Economics, Elsevier, vol. 60(1), pages 308-319, November.
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    Cited by:

    1. Amare Tesfaw & Feyera Senbeta & Dawit Alemu & Ermias Teferi, 2022. "Estimating the Economic Values of Restricted Monoculture Eucalyptus Plantations: A Choice Modeling Approach," IJERPH, MDPI, vol. 19(15), pages 1-17, July.

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