A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use

Article

Beal, Diana. 1995. "A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use ." Review of Marketing and Agricultural Economics. 63 (2), pp. 292-303.
Article Title

A travel cost analysis of the value of Carnarvon Gorge National Park for recreational use

Article CategoryArticle
Authors
AuthorBeal, Diana
Journal TitleReview of Marketing and Agricultural Economics
Journal Citation63 (2), pp. 292-303
Number of Pages12
Year1995
Place of PublicationCanberra, 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.

Keywordsenvironmental preservation; national parks; tourism; recreational use; economic value
ANZSRC Field of Research 2020350801. Impacts of tourism
380105. Environment and resource economics
380116. Tourism economics
Public Notes

c. Australian Agricultural and Resource Economics Society.

Byline AffiliationsFaculty of Business
Institution of OriginUniversity of Southern Queensland
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