Author
Listed:
- Kripa Neupane
(Department of Ecosystem Science and Management, Pennsylvania State University, University Park, PA 16802, USA)
- Arun Regmi
(Department of Ecosystem Science and Management, Pennsylvania State University, University Park, PA 16802, USA)
- Lisa Grab
(Department of Ecosystem Science and Management, Pennsylvania State University, University Park, PA 16802, USA)
- Michael G. Jacobson
(Department of Ecosystem Science and Management, Pennsylvania State University, University Park, PA 16802, USA)
- Timothy W. Kelsey
(Department of Agricultural Economics, Sociology, and Education, Pennsylvania State University, University Park, PA 16802, USA)
Abstract
The use of All-Terrain Vehicles (ATVs) has gained considerable attention within the recreation industry. The incorporation of ATVs into tourism and recreational activities has demonstrated substantial economic potential for local economies. However, there is a lack of comprehensive knowledge regarding the economic impact of ATV recreation. This paper conducts an extensive review of existing literature from 2004 to 2022, evaluating the economic impact of ATVs on local economies in the United States. The review aims to identify commonalities and disparities among existing economic impact studies and assess whether these studies have included costs associated with ATV-induced environmental, societal, and public health damages in their economic assessments. To this end, there is a scarcity of scientific peer reviewed journal articles that exclusively focus on the economic impact of ATVs. As such, we reviewed a total of seven publications comprising reports. The results of our analysis shed light on similarities and differences in aspects of resident and non-resident ATV spending, type of ATV expenditures, and the approaches used to evaluate economic impact assessment. The findings indicate that existing studies have assessed the economic impact of ATVs solely based on gross expenditures, lacking comprehensive inclusion of the costs associated with ATV damages to the environment, society, and human health. This study advocates for the need for a more comprehensive consideration of both benefits and costs in the economic impact of ATVs to assist ATV business managers, policymakers, and researchers in making informed decisions and planning future programs.
Suggested Citation
Kripa Neupane & Arun Regmi & Lisa Grab & Michael G. Jacobson & Timothy W. Kelsey, 2024.
"Economic impact of All-Terrain Vehicles (ATVs) on local economies: a literature review,"
Review of Economic Assessment, Anser Press, vol. 3(1), pages 35-45, March.
Handle:
RePEc:bba:j00010:v:3:y:2024:i:1:p:35-45:d:309
Download full text from publisher
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:bba:j00010:v:3:y:2024:i:1:p:35-45:d:309. 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.
We have no bibliographic references for this item. You can help adding them by using 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: Ramona Wang (email available below). General contact details of provider: https://www.anserpress.org .
Please note that corrections may take a couple of weeks to filter through
the various RePEc services.