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Recreation Value of a New Long-Distance Walking Track

Author

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  • Averil Cook

    (School of Economics, University of Queensland, Brisbane, QLD 4072, Australia)

Abstract

A large recreation value may be expected for a long-distance walking track which allows for hiking and camping in a tropical rainforest environment. When such a resource is new, sufficient data are not available for a primary study. A practical way to obtain a value estimate is by employing benefit transfer procedures. Using a travel cost analysis for the Thorsborne Trail as the transfer source, a consumer surplus estimate for the new Cannabullen Track was estimated at about Aus$300 per person per year. This value may contribute to management decisions about further development of facilities along the track and about user fees.

Suggested Citation

  • Averil Cook, 2008. "Recreation Value of a New Long-Distance Walking Track," Tourism Economics, , vol. 14(2), pages 377-391, June.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:2:p:377-391
    DOI: 10.5367/000000008784460391
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    References listed on IDEAS

    as
    1. Prabha Prayaga & John Rolfe & Jack Sinden, 2006. "A Travel Cost Analysis of the Value of Special Events: Gemfest in Central Queensland," Tourism Economics, , vol. 12(3), pages 403-420, September.
    2. Cook, Averil & Harrison, Steve, 2002. "Economic Evaluation of Proposed Long-Distance Walking Tracks in the Wet Tropics of Queensland," Economic Analysis and Policy, Elsevier, vol. 32(2), pages 113-129, June Spec.
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    5. John C. Bergstrom & Paul Civita, 1999. "Status of Benefits Transfer in the United States and Canada: A Review," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(1), pages 79-87, March.
    6. John R. McKean & Donn M. Johnson & Richard G. Walsh, 1995. "Valuing Time in Travel Cost Demand Analysis: An Empirical Investigation," Land Economics, University of Wisconsin Press, vol. 71(1), pages 96-105.
    7. Guy Garrod & Kenneth G. Willis, 1999. "Economic Valuation of the Environment," Books, Edward Elgar Publishing, number 1368.
    8. Beal, Diana J., 1995. "A Travel Cost Analysis of the Value of Carnarvon Gorge National Park for Recreational Use," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(02), pages 1-12, August.
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    Cited by:

    1. Chen, Min & Lupi, Frank, 2009. "Does economic endogeneity of site facilities in recreation demand models lead to statistical endogeneity?," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 49449, Agricultural and Applied Economics Association.
    2. Chen, Min, 2009. "Does Economic Endogeneity of Site Facilities in Recreation Demand Models Lead to Statistical Endogeneity?," Graduate Research Master's Degree Plan B Papers 55808, Michigan State University, Department of Agricultural, Food, and Resource Economics.

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