A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use
Article
Article Title | A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use |
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Article Category | Article |
Authors | |
Author | Beal, Diana |
Journal Title | Review of Marketing and Agricultural Economics |
Journal Citation | 63 (2), pp. 292-303 |
Number of Pages | 12 |
Year | 1995 |
Place of Publication | Canberra, Australia |
Web Address (URL) | http://purl.umn.edu/12337 |
Abstract | National parks as natural areas preserved from the more disruptive forms of economic activity provide a multitude of benefits to humankind, and these may be classified as either on-site use benefits or off-site benefits. This paper reports an applied case which is concerned with the measurement of the value of the recreational use benefits for one such national park. Whilst the national park is under no immediate threat, having an indication of the economic value of recreational opportunities within the park can aid future planning and decision-making. The emphasis in this study was to use and test TCM for rapid valuation appraisal. Demand curves for both camping and day visits are estimated and consumer surplus calculated. A value of $40m. is estimated as the net present value of the recreational use alone in 1993-94 values at 6 per cent real rate of interest in perpetuity. |
Keywords | environmental preservation; national parks; tourism; recreational use; economic value |
ANZSRC Field of Research 2020 | 350801. Impacts of tourism |
380105. Environment and resource economics | |
380116. Tourism economics | |
Public Notes | c. Australian Agricultural and Resource Economics Society. |
Byline Affiliations | Faculty of Business |
Institution of Origin | University of Southern Queensland |
https://research.usq.edu.au/item/q0xq9/a-travel-cost-analysis-of-the-value-of-carnarvon-gorge-national-park-for-recreational-use
1974
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