IDEAS home Printed from https://ideas.repec.org/p/ags/saeaso/35471.html
   My bibliography  Save this paper

Use of Bootstrap Method to Obtain Reliable Parameter Estimations on Travel Cost Demand Model

Author

Listed:
  • Devkota, Nirmala
  • Paudel, Krishna P.
  • Hall, Larry M.
  • Caffey, Rex H.

Abstract

We used poisson and negative binomial models to estimate future demand of recreation trips to a closed site using internet and intercept surveys. Parameter estimates were validated using 1,000 bootstrap replications. Result indicated a significant negative impact of travel time and positive impact of income on the future recreational demand.

Suggested Citation

  • Devkota, Nirmala & Paudel, Krishna P. & Hall, Larry M. & Caffey, Rex H., 2006. "Use of Bootstrap Method to Obtain Reliable Parameter Estimations on Travel Cost Demand Model," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35471, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saeaso:35471
    DOI: 10.22004/ag.econ.35471
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/35471/files/sp06de06.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.35471?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Weihua Guan, 2003. "From the help desk: Bootstrapped standard errors," Stata Journal, StataCorp LP, vol. 3(1), pages 71-80, March.
    2. Danielle Hagerty & Klaus Moeltner, 2005. "Specification of Driving Costs in Models of Recreation Demand," Land Economics, University of Wisconsin Press, vol. 81(1).
    3. Englin, Jeffrey & Shonkwiler, J S, 1995. "Estimating Social Welfare Using Count Data Models: An Application to Long-Run Recreation Demand under Conditions of Endogenous Stratification and Truncation," The Review of Economics and Statistics, MIT Press, vol. 77(1), pages 104-112, February.
    4. Daniel Hellerstein & Robert Mendelsohn, 1993. "A Theoretical Foundation for Count Data Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 75(3), pages 604-611.
    5. A. Colin Cameron & Pravin K. Trivedi, 1986. "Econometric models based on count data. Comparisons and applications of some estimators and tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 1(1), pages 29-53, January.
    6. Jeffrey Englin & Peter Boxall & David Watson, 1998. "Modeling Recreation Demand in a Poisson System of Equations: An Analysis of the Impact of International Exchange Rates," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(2), pages 255-263.
    7. Clark, David E. & Kahn, James R., 1989. "The two-stage hedonic wage approach: A methodology for the valuation of environmental amenities," Journal of Environmental Economics and Management, Elsevier, vol. 16(2), pages 106-120, March.
    8. Daniel M. Hellerstein, 1991. "Using Count Data Models in Travel Cost Analysis with Aggregate Data," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 73(3), pages 860-866.
    9. Loomis, John B. & Yorizane, Shizuka & Larson, Douglas M., 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, Northeastern Agricultural and Resource Economics Association, vol. 29(2), pages 1-9, October.
    10. Jack L. Knetsch, 1963. "Outdoor Recreation Demands and Benefits," Land Economics, University of Wisconsin Press, vol. 39(4), pages 387-396.
    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. Morrissey, Karyn & Moran, Caroline, 2011. "The Non-Market Value of Water Based Activities in the West of Ireland," Working Papers 148922, National University of Ireland, Galway, Socio-Economic Marine Research Unit.

    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. Mahadev Bhat & Ramachandra Bhatta & Mohamed Shumais, 2014. "Sustainable funding policies for environmental protection: the case of Maldivian atolls," Environmental Economics and Policy Studies, Springer;Society for Environmental Economics and Policy Studies - SEEPS, vol. 16(1), pages 45-67, January.
    2. Bowker, James Michael & Starbuck, C. Meghan & English, Donald B.K. & Bergstrom, John C. & Rosenberger, Randall S. & McCollum, Daniel W., 2009. "Estimating the Net Economic Value of National Forest Recreation: An Application of the National Visitor Use Monitoring Database," Faculty Series 59603, University of Georgia, Department of Agricultural and Applied Economics.
    3. 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.
    4. Shrestha, Ram K. & Seidl, Andrew F. & Moraes, Andre S., 2002. "Value of recreational fishing in the Brazilian Pantanal: a travel cost analysis using count data models," Ecological Economics, Elsevier, vol. 42(1-2), pages 289-299, August.
    5. Moeltner, Klaus, 2003. "Addressing aggregation bias in zonal recreation models," Journal of Environmental Economics and Management, Elsevier, vol. 45(1), pages 128-144, January.
    6. Grilli, Gianluca & Curtis, John & Hynes, Stephen & Landgraf, Gavin, 2017. "The value of tourist angling: a travel cost method estimation of demand for two destination salmon rivers in Ireland," Papers WP570, Economic and Social Research Institute (ESRI).
    7. Curtis, John & Stanley, Brian, 2015. "Water Quality and Recreational Angling Demand in Ireland," Papers WP521, Economic and Social Research Institute (ESRI).
    8. Stephen Hynes & Brian Cahill & Emma J. Dillon, 2007. "A Negative Binomial Discrete Choice Model of Forestry Recreation in Ireland," Working Papers 0709, Rural Economy and Development Programme,Teagasc.
    9. Isabel Mendes & Isabel Proença, 2009. "Measuring the Social Recreation Per-Day Net Benefit of Wildlife Amenities of a National Park: A Count-Data Travel Cost Approach," Working Papers Department of Economics 2009/35, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    10. Bengochea, A., 2003. "Valoración del uso recreativo de un espacio natural," Estudios de Economia Aplicada, Estudios de Economia Aplicada, vol. 21, pages 321-338, Agosto.
    11. Abdulbaki Bilgic & Wojciech Florkowski, 2009. "The impact of license regulation on the number of recreation trips: is it worth considering?," Journal of Regulatory Economics, Springer, vol. 35(1), pages 45-69, February.
    12. Stephen Hynes & Cathal Buckley & Tom van Rensburg, 2007. "Recreational Pursuits on Marginal Farm Land: A Discrete-Choice Model of Irish Farm Commonage Recreation," The Economic and Social Review, Economic and Social Studies, vol. 38(1), pages 63-84.
    13. Lea Tardieu & Sébastien Roussel & Jean-Michel Salles, 2012. "Recreation demand analysis of natural areas: a revealed-preference approach," Post-Print hal-02746734, HAL.
    14. Bowker, James Michael & English, Donald B.K. & Bergstrom, John C. & Starbuck, C. Meghan, 2005. "Valuing National Forest Recreation Access: Using a Stratified On-Site Sample to Generate Values Across Activities for a Nationally Pooled Sample," 2005 Annual meeting, July 24-27, Providence, RI 19506, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    15. Sébastien Roussel & Jean-Michel Salles & Léa Tardieu, 2012. "Recreation Demand Analysis of the "Sensitive Natural Areas" (Hérault District, France) : A Travel Cost Appraisal using Count Data Models," Working Papers 12-30, LAMETA, Universtiy of Montpellier, revised Sep 2012.
    16. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2005. "Recreation Demand Analysis under Truncation, Overdispersion, and Endogenous Stratification: An Application to Gros Morne National Park," Econometrics 0511007, University Library of Munich, Germany.
    17. Roberto Martinez-Espineira & Joe Amoako-Tuffour, 2008. "Multi-destination and multi-purpose trip effects in the analysis of the demand for trips to a remote recreational site," EERI Research Paper Series EERI_RP_2008_19, Economics and Econometrics Research Institute (EERI), Brussels.
    18. Sarker, Rakhal & Surry, Yves R., 2003. "The Fast Decay Process In Recreational Demand Activities And The Use Of Alternative Count Data Models," Working Papers 34147, University of Guelph, Department of Food, Agricultural and Resource Economics.
    19. Isabel Mendes & Isabel Proença, 2005. "Estimating the Recreation Value of Ecosystems by Using a Travel Cost Method Approach," Working Papers Department of Economics 2005/08, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    20. Simões, Paula & Barata, Eduardo & Cruz, Luís, 2013. "Joint estimation using revealed and stated preference data: An application using a national forest," Journal of Forest Economics, Elsevier, vol. 19(3), pages 249-266.

    More about this item

    Keywords

    Resource /Energy Economics and Policy;

    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:ags:saeaso:35471. 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: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    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.