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Economic Valuation of the Environment and the Travel Cost Approach: The Case of Ayubia National Park

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  • Himayatullah

    (Institute of Development Studies, NWFP Agricultural University, Peshawar.)

Abstract

Environmental and natural resource systems such as lakes, rivers, streams, estuaries, forests, and parks provide goods in terms of resources (e.g., flora, fauna, and minerals) and services (e.g., waste sink assimilation), a source of amenity services, use for recreational purposes, and life-support functions. Knowledge of the values of these services may be important for a variety of reasons. Access to such resources for recreation is typically not allocated through markets. Rather, access is typically open to all visitors at a zero price or a nominal entrance fee that bears no relationship to the cost of providing access. And there is no or little variation in these access prices over time or across sites to provide data for econometric estimation of demand functions.

Suggested Citation

  • Himayatullah, 2003. "Economic Valuation of the Environment and the Travel Cost Approach: The Case of Ayubia National Park," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 42(4), pages 537-551.
    • Handle: RePEc:pid:journl:v:42:y:2003:i:4:p:537-551
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    References listed on IDEAS

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    1. Lisa C. Chase & David R. Lee & William D. Schulze & Deborah J. Anderson, 1998. "Ecotourism Demand and Differential Pricing of National Park Access in Costa Rica," Land Economics, University of Wisconsin Press, vol. 74(4), pages 466-482.
    2. Nicola Lansdell & Lata Gangadharan, 2003. "Comparing Travel Cost Models And The Precision Of Their Consumer Surplus Estimates: Albert Park And Maroondah Reservoir," Australian Economic Papers, Wiley Blackwell, vol. 42(4), pages 399-417, December.
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