Measuring Recreational Value Using Travel Cost Method (TCM): A Number of Issues and Limitations
نویسندگان
چکیده
منابع مشابه
economic evaluation of recreational value of choghakhor wetland, using travel cost method
outdoor recreation refers to various recreational activities, closely associated with natural environments. wetlands are the ecosystems which provide numerous goods and services with economic values, not only to the local population living in their periphery but also to communities living outside wetland. furthermore, wetlands provide some opportunities and amenities for human society’s well-be...
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Lake McKenzie is one of the most highly used and popular visitor destinations of all Fraser Island’s natural sites, attracting 2,000 visitors a day in peak periods. Many consider this level of visitation to be unsustainable and the management authority is considering a range of management options. In assessing the alternatives it is useful to have some idea of the recreational value of the Lake...
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This paper estimates the demand for nature based tourist visits to Zambia and the willingness of international tourists to pay to visit Zambia using a single site individual travel cost model. The model estimated is corrected for both truncation of the dependent variable and endogenous stratification that arises due to on-site sampling. We find a negative binomial specification provides stable ...
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Investigating the economic value of tourism areas is one of the topics of interest in studies of tourism economics. Investigating the economic value of recreational areas in terms of cost-benefit policy-making and tourism analysis is essential. The purpose of this study was to estimate the economic value of Falak al-Aflak castle of Khorram Abad by regional travel cost method. The research metho...
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The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...
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ژورنال
عنوان ژورنال: International Journal of Academic Research in Business and Social Sciences
سال: 2018
ISSN: 2222-6990
DOI: 10.6007/ijarbss/v8-i10/5306