A Travel Cost Analysis of the Recreational Value of Nature Based Tourism in Zambia
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چکیده
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 estimates of consumer surplus under alternative definitions of travel cost. International visitors to Zambia enjoy a sizable consumer surplus. These results provide information about the economic value of nature based tourism in Zambia and can form the basis of tourism development policies that attempt to capture those values. JEL Classification: C24, C25, I31, Q26.
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