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Regional Economic Contribution and Net Economic Values of Opening Access to Three Colorado Fourteeners

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  • Catherine M. Keske
  • John B. Loomis

Abstract

Climbing ‘Fourteeners’, peaks whose summits rise above 14,000 feet, is a popular recreational activity in Colorado. Access to these popular peaks has been jeopardized by liability issues on privately owned peaks and by overuse on publicly owned peaks. To date, there has been little analysis on the economic benefits provided by Fourteeners. This study finds that opening access to three closed peaks presents an infusion into local and state economies of 25 and 45 jobs, respectively. Access to the peaks is worth US$167 per person each trip; a relatively high value in the context of the recreation economics literature.

Suggested Citation

  • Catherine M. Keske & John B. Loomis, 2008. "Regional Economic Contribution and Net Economic Values of Opening Access to Three Colorado Fourteeners," Tourism Economics, , vol. 14(2), pages 249-262, June.
    • Handle: RePEc:sae:toueco:v:14:y:2008:i:2:p:249-262
    DOI: 10.5367/000000008784460373
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    References listed on IDEAS

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    1. Bergstrom, John C. & Cordell, H. Ken & Watson, Alan E. & Ashley, Gregory A., 1990. "Economic Impacts of State Parks on State Economies in the South," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 22(2), pages 69-77, December.
    2. W. Michael Hanemann, 1989. "Welfare Evaluations in Contingent Valuation Experiments with Discrete Response Data: Reply," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 71(4), pages 1057-1061.
    3. Nick Hanley & W. Douglass Shaw & Robert E. Wright (ed.), 2003. "The New Economics of Outdoor Recreation," Books, Edward Elgar Publishing, number 2712.
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    Cited by:

    1. Luis César Herrero & José ángel Sanz & María Devesa, 2011. "Measuring the Economic Value and Social Viability of a Cultural Festival as a Tourism Prototype," Tourism Economics, , vol. 17(3), pages 639-653, June.
    2. Nagler, Amy M. & Bastian, Christopher T. & Taylor, David T. & Foulke, Thomas K., 2013. "Community Economic Contributions from Recreational Trails Usage on Public Lands: Implications from a Comprehensive Wyoming Case Study," Western Economics Forum, Western Agricultural Economics Association, vol. 12(2), pages 1-11.
    3. Catherine M. H. Keske & Adam Mayer, 2014. "Visitor Willingness to Pay U.S. Forest Service Recreation Fees in New West Rural Mountain Economies," Economic Development Quarterly, , vol. 28(1), pages 87-100, February.

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