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Valuation of Mount Merapi National Park: A travel cost analysis

Author

Listed:
  • Awan Setya Dewanta

    (Fakultas Ekonomi, Universitas Islam Indonesia)

Abstract

This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM Mount Merapi National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent ones, the paper estimates the visitor?s utility using a categorical regression technique. Applying in-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utility function for recreation at volcano national park is better estimated using the negative binomial distribution model. It also finds that the economic value of recreation at volcano national park is Rp 222,000, and that the total consumer surplus for recreation national park is Rp 31.2 billion.

Suggested Citation

  • Awan Setya Dewanta, 2010. "Valuation of Mount Merapi National Park: A travel cost analysis," Economic Journal of Emerging Markets, Universitas Islam Indonesia, vol. 2(1), pages 79-88, April.
    • Handle: RePEc:uii:journl:v:2:y:2010:i:1:p:79-88
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    References listed on IDEAS

    as
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    4. Timothy C. Haab & Kenneth E. McConnell, 2002. "Valuing Environmental and Natural Resources," Books, Edward Elgar Publishing, number 2427, December.
    5. Alberini, Anna & Longo, Alberto, 2005. "The Value of Cultural Heritage Sites in Armenia: Evidence from a Travel Cost Method Study," Sustainability Indicators and Environmental Valuation Working Papers 12223, Fondazione Eni Enrico Mattei (FEEM).
    6. Rainer Winkelmann, 2008. "Econometric Analysis of Count Data," Springer Books, Springer, edition 0, number 978-3-540-78389-3, June.
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    More about this item

    Keywords

    Travel cost valuation; binomial regression model; recreation national park valuation;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • L83 - Industrial Organization - - Industry Studies: Services - - - Sports; Gambling; Restaurants; Recreation; Tourism

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