IDEAS home Printed from https://ideas.repec.org/a/ags/joaaec/43773.html
   My bibliography  Save this article

Opening a Public Recreation Area to Revitalize Coastal Communities and Preserve Natural Resources in Louisiana: The Case of Elmer's Island

Author

Listed:
  • Paudel, Krishna P.
  • Caffey, Rex H.
  • Devkota, Nirmala
  • Hall, Larry M.

Abstract

The income capitalization approach is used, based on expenditure and nonmarket values collected from travel-cost and contingent valuation methodologies, to measure the feasibility of running a self-sustaining recreational site in coastal Louisiana. Through Internet and intercept surveys, a total of 2,696 respondents, 88% of them anglers, provided information on economic expenditures, destination preferences, and preferences for specific site amenities regarding Elmer's Island. The purchase and subsequent opening of the area to the public were found to be self-sustaining even when considering conservative economic estimates.

Suggested Citation

  • Paudel, Krishna P. & Caffey, Rex H. & Devkota, Nirmala & Hall, Larry M., 2005. "Opening a Public Recreation Area to Revitalize Coastal Communities and Preserve Natural Resources in Louisiana: The Case of Elmer's Island," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 37(2), pages 1-10, August.
    • Handle: RePEc:ags:joaaec:43773
    DOI: 10.22004/ag.econ.43773
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/43773/files/Paudel%20JAAE%20August%202005.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.43773?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Other versions of this item:

    References listed on IDEAS

    as
    1. Costanza, Robert & Farber, Stephen C. & Maxwell, Judith, 1989. "Valuation and management of wetland ecosystems," Ecological Economics, Elsevier, vol. 1(4), pages 335-361, December.
    2. Hughes, David W., 2003. "Policy Uses of Economic Multiplier and Impact Analysis," Choices: The Magazine of Food, Farm, and Resource Issues, Agricultural and Applied Economics Association, vol. 18(2), pages 1-6.
    3. Jeremy J. Emmert, 1999. "Income and Substitution Effects in the Travel Cost Model: An Application to Indiana State Parks," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(5), pages 1330-1337.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Paudel, Krishna P. & Caffey, Rex H. & Devkota, Nirmala, 2011. "An Evaluation of Factors Affecting the Choice of Coastal Recreational Activities," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 43(2), pages 1-13, May.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ing-Marie Gren & Carl Folke & Kerry Turner & Ian Batemen, 1994. "Primary and secondary values of wetland ecosystems," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 4(1), pages 55-74, February.
    2. Oliver Fromm, 2000. "Ecological Structure and Functions of Biodiversity as Elements of Its Total Economic Value," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 16(3), pages 303-328, July.
    3. Zeng, L. & Chen, G.Q., 2011. "Ecological degradation and hydraulic dispersion of contaminant in wetland," Ecological Modelling, Elsevier, vol. 222(2), pages 293-300.
    4. Serge Garcia & Julien Jacob, 2010. "La valeur récréative de la forêt en France : une approche par les coûts de déplacement," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 91(1), pages 43-71.
    5. H. Spencer Banzhaf & James Boyd, 2012. "The Architecture and Measurement of an Ecosystem Services Index," Sustainability, MDPI, vol. 4(4), pages 1-32, March.
    6. Zsófia Benedek & Imre Fertő & Viktória Szente, 2020. "The Multiplier Effects of Food Relocalization: A Systematic Review," Sustainability, MDPI, vol. 12(9), pages 1-18, April.
    7. Olivier Petit & Franck-Dominique Vivien, 2015. "When economists and ecologists meet on Ecological Economics: two science paths around two interdisciplinary concepts," Post-Print halshs-01249774, HAL.
    8. Beça, Pedro & Santos, Rui, 2010. "Measuring sustainable welfare: A new approach to the ISEW," Ecological Economics, Elsevier, vol. 69(4), pages 810-819, February.
    9. Loughrey, Jason & O’Donoghue, Cathal & Meredith, David & Murphy, Ger & Shanahan, Ultan & Miller, Corina, 2018. "The Local Impact of Cattle Farming," 166th Seminar, August 30-31, 2018, Galway, West of Ireland 276231, European Association of Agricultural Economists.
    10. Janssen Ron & Jose Padilla, 1999. "Preservation or Conversion? Valuation and Evaluation of a Mangrove forest in the Philippines," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 14(3), pages 297-331, October.
    11. Alamanos, Angelos & Koundouri, Phoebe, 2022. "Economics of Incorporating Ecosystem Services into Water Resource Planning and Management," MPRA Paper 122046, University Library of Munich, Germany.
    12. Roland Zullo & Yijun Liu, 2017. "Contending With Defense Industry Reallocations: A Literature Review of Relevant Factors," Economic Development Quarterly, , vol. 31(4), pages 360-372, November.
    13. Rao, Nalini S. & Ghermandi, Andrea & Portela, Rosimeiry & Wang, Xuanwen, 2015. "Global values of coastal ecosystem services: A spatial economic analysis of shoreline protection values," Ecosystem Services, Elsevier, vol. 11(C), pages 95-105.
    14. Vermaat, Jan E. & Eppink, Florian & van den Bergh, Jeroen C.J.M. & Barendregt, Aat & van Belle, Jasper, 2005. "Aggregation and the matching of scales in spatial economics and landscape ecology: empirical evidence and prospects for integration," Ecological Economics, Elsevier, vol. 52(2), pages 229-237, January.
    15. Mitsch, William J. & Gosselink, James G., 2000. "The value of wetlands: importance of scale and landscape setting," Ecological Economics, Elsevier, vol. 35(1), pages 25-33, October.
    16. Costanza, Robert & d'Arge, Ralph & de Groot, Rudolf & Farber, Stephen & Grasso, Monica & Hannon, Bruce & Limburg, Karin & Naeem, Shahid & O'Neill, Robert V. & Paruelo, Jose, 1998. "The value of ecosystem services: putting the issues in perspective," Ecological Economics, Elsevier, vol. 25(1), pages 67-72, April.
    17. Rebecca Bess & Zoë O. Ambargis, 2011. "Input-Output Models for Impact Analysis:Suggestions for Practitioners Using RIMS II Multipliers," BEA Working Papers 0081, Bureau of Economic Analysis.
    18. Camille Bann, 1997. "An Economic Analysis of Alternative Mangrove Management Strategies in Koh Kong Province, Cambodia," EEPSEA Research Report rr1997113, Economy and Environment Program for Southeast Asia (EEPSEA), revised Nov 1997.
    19. Octavio Pérez-Maqueo & M. Luisa Martínez & Flor C. Sánchez-Barradas & Melanie Kolb, 2018. "Assessing Nature-Based Coastal Protection against Disasters Derived from Extreme Hydrometeorological Events in Mexico," Sustainability, MDPI, vol. 10(5), pages 1-17, April.
    20. M. Muchdie & H. Kurniawan, 2018. "Import Components and Import Multipliers in Australian Economy: World Input-Output Analysis," International Journal of Economics and Financial Issues, Econjournals, vol. 8(2), pages 304-314.

    More about this item

    Keywords

    Environmental Economics and Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:joaaec:43773. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/saeaaea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.