IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v8y2016i2p185-d64187.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/8/2/185/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/8/2/185/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Hepburn, Cameron & Koundouri, Phoebe & Panopoulou, Ekaterini & Pantelidis, Theologos, 2009. "Social discounting under uncertainty: A cross-country comparison," Journal of Environmental Economics and Management, Elsevier, vol. 57(2), pages 140-150, March.
    2. Armbrecht, John, 2014. "Use value of cultural experiences: A comparison of contingent valuation and travel cost," Tourism Management, Elsevier, vol. 42(C), pages 141-148.
    3. Zhang, Fan & Wang, Xiao Hua & Nunes, Paulo A.L.D. & Ma, Chunbo, 2015. "The recreational value of gold coast beaches, Australia: An application of the travel cost method," Ecosystem Services, Elsevier, vol. 11(C), pages 106-114.
    4. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427, June.
    5. Phoebe Koundouri & Theologos Pantelidis & Ben Groom & Ekaterini Panopoulou, 2007. "Discounting the distant future: How much does model selection affect the certainty equivalent rate?," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 22(3), pages 641-656.
    6. Fleming, Christopher M. & Cook, Averil, 2007. "The recreational value of Lake McKenzie: An application of the travel cost method," 2007 Conference (51st), February 13-16, 2007, Queenstown, New Zealand 10382, Australian Agricultural and Resource Economics Society.
    7. Ben Groom & Cameron Hepburn & Phoebe Koundouri & David Pearce, 2005. "Declining Discount Rates: The Long and the Short of it," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 32(4), pages 445-493, December.
    8. Anna Alberini & Alberto Longo, 2006. "Combining the travel cost and contingent behavior methods to value cultural heritage sites: Evidence from Armenia," Journal of Cultural Economics, Springer;The Association for Cultural Economics International, vol. 30(4), pages 287-304, December.
    9. Font, Antoni Riera, 2000. "Mass Tourism and the Demand for Protected Natural Areas: A Travel Cost Approach," Journal of Environmental Economics and Management, Elsevier, vol. 39(1), pages 97-116, January.
    10. Dionysis Latinopoulos, 2014. "The impact of economic recession on outdoor recreation demand: an application of the travel cost method in Greece," Journal of Environmental Planning and Management, Taylor & Francis Journals, vol. 57(2), pages 254-272, February.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fátima Espinosa Casero & Luis César Herrero Prieto, 2024. "Valuing cultural heritage through non-monetary scales: A comparison," ACEI Working Paper Series AWP-02-2024, Association for Cultural Economics International.
    2. Bohuslava Gregorová & Pavel Hronček & Dana Tometzová & Mário Molokáč & Vladimír Čech, 2020. "Transforming Brownfields as Tourism Destinations and Their Sustainability on the Example of Slovakia," Sustainability, MDPI, vol. 12(24), pages 1-28, December.
    3. Pavel Hronček & Bohuslava Gregorová & Dana Tometzová & Mário Molokáč & Ladislav Hvizdák, 2020. "Modeling of Vanished Historic Mining Landscape Features as a Part of Digital Cultural Heritage and Possibilities of Its Use in Mining Tourism (Case Study: Gelnica Town, Slovakia)," Resources, MDPI, vol. 9(4), pages 1-16, April.
    4. Seul-Ye Lim & Ho-Young Kim & Seung-Hoon Yoo, 2016. "Public Willingness to Pay for Transforming Jogyesa Buddhist Temple in Seoul, Korea into a Cultural Tourism Resource," Sustainability, MDPI, vol. 8(9), pages 1-13, September.
    5. 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.
    6. 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.
    7. 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.
    8. 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.
    9. 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.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. 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.
    2. Phoebe Koundouri & Georgios I. Papayiannis & Electra V. Petracou & Athanasios N. Yannacopoulos, 2023. "Consensus group decision making under model uncertainty with a view towards environmental policy making," Papers 2312.00436, arXiv.org.
    3. Lanlan Luo & Shou Chen & Ziran Zou, 2020. "Determining the Generalized Discount Rate for Risky Projects," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 77(1), pages 143-158, September.
    4. P. Koundouri & G. I. Papayiannis & E. V. Petracou & A. N. Yannacopoulos, 2024. "Consensus Group Decision Making Under Model Uncertainty with a View Towards Environmental Policy Making," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 87(6), pages 1611-1649, June.
    5. Mani Nepal & Rajesh Kumar Rai & Saudamini Das & Laxmi Dutt Bhatta & Rajan Kotru & Madan Singh Khadayat & Ranbeer Singh Rawal & G. C. S. Negi, 2018. "Valuing Cultural Services of the Kailash Sacred Landscape for Sustainable Management," Sustainability, MDPI, vol. 10(10), pages 1-19, October.
    6. John A. Curtis, 2002. "Estimating the Demand for Salmon Angling in Ireland," The Economic and Social Review, Economic and Social Studies, vol. 33(3), pages 319-332.
    7. Jolanta Bijańska & Krzysztof Wodarski & Aneta Aleksander, 2022. "Analysis of the Financing Options for Pro-Ecological Projects," Energies, MDPI, vol. 15(6), pages 1-30, March.
    8. Freeman, Mark C. & Groom, Ben, 2016. "How certain are we about the certainty-equivalent long term social discount rate?," Journal of Environmental Economics and Management, Elsevier, vol. 79(C), pages 152-168.
    9. Massimo Filippini & Giuliano Masiero & Diego Medici, 2012. "The demand for school meals: an analysis of stated choices by Swiss households," Quaderni della facoltà di Scienze economiche dell'Università di Lugano 1204, USI Università della Svizzera italiana.
    10. Rick van der Ploeg, 2020. "Discounting and Climate Policy," CESifo Working Paper Series 8441, CESifo.
    11. Koundouri, Phoebe & Chatzistamoulou, Nikos & Dávila, Osiel González & Giannouli, Amerissa & Kourogenis, Nikolaos & Xepapadeas, Anastasios & Xepapadeas, Petros, 2021. "Open Access in Scientific Information: Sustainability Model and Business Plan for the Infrastructure and Organization of OpenAIRE," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 12(1), pages 170-198, March.
    12. Jan Špaček & Michaela Antoušková, 2013. "Individual single-site travel cost model for Czech paradise geopark," Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, Mendel University Press, vol. 61(7), pages 2851-2858.
    13. Ehrlich, Oren & Bi, Xiang & Borisova, Tatiana & Larkin, Sherry, 2017. "A latent class analysis of public attitudes toward water resources with implications for recreational demand," Ecosystem Services, Elsevier, vol. 28(PA), pages 124-132.
    14. Fesselmeyer, Eric & Liu, Haoming & Salvo, Alberto, 2016. "How Do Households Discount over Centuries? Evidence from Singapore's Private Housing Market," IZA Discussion Papers 9862, Institute of Labor Economics (IZA).
    15. Anthony Amoah & Peter G. Moffatt, 2017. "Estimating demand for reliable piped-water services in urban Ghana: An application of competing valuation approaches," University of East Anglia School of Economics Working Paper Series 2017-01, School of Economics, University of East Anglia, Norwich, UK..
    16. Arrow, Kenneth J. & Cropper, Maureen L. & Gollier, Christian & Groom, Ben & Heal, Geoffrey M. & Newell, Richard G. & Nordhaus, William D. & Pindyck, Robert S. & Pizer, William A. & Portney, Paul R. & , 2012. "How Should Benefits and Costs Be Discounted in an Intergenerational Context? The Views of an Expert Panel," RFF Working Paper Series dp-12-53, Resources for the Future.
    17. Maria Giovanna Brandano & Marta Meleddu, 2021. "Together or not? Spill-over effects of cultural goods displacement," Tourism Economics, , vol. 27(6), pages 1202-1220, September.
    18. Klepper, Gernot & Dovern, Jonas & Rickels, Wilfried & Barben, Daniel & Goeschl, Timo & Harnisch, Sebastian & Heyen, Daniel & Janich, Nina & Maas, Achim & Matzner, Nils & Scheffran, Jürgen & Uther, Ste, 2016. "Herausforderung Climate Engineering: Bewertung neuer Optionen für den Klimaschutz," Kieler Beiträge zur Wirtschaftspolitik 8, Kiel Institute for the World Economy (IfW Kiel).
    19. Kakeu, Justin & Kim, Eun-jin & Hollerbach, Rainer, 2025. "Statistical Properties of Social Discount Rate Paths in a Heterogeneous Dynamic Stochastic Model," RFF Working Paper Series 25-13, Resources for the Future.
    20. Kollenberg, Sascha & Taschini, Luca, 2016. "Emissions trading systems with cap adjustments," Journal of Environmental Economics and Management, Elsevier, vol. 80(C), pages 20-36.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:8:y:2016:i:2:p:185-:d:64187. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.