IDEAS home Printed from https://ideas.repec.org/a/sae/toueco/v19y2013i1p187-201.html
   My bibliography  Save this article

Economic Valuation of Jogjakarta's Tourism Attributes: A Contingent Ranking Analysis

Author

Listed:
  • Jamal Othman

    (Faculty of Economics and Management, Universiti Kebangsaan Malaysia, 43600 UKM, Bangi, Selangor Darul Ehsan, Malaysia)

  • Anggi Rahajeng

    (Centre for Economics and Public Policy Studies (CEPPS/PSEKP), Gadjah Mada University, Jogjakarta, Indonesia)

Abstract

This paper employs the contingent ranking technique to estimate the economic benefits of selected tourism attributes in Jogjakarta, Indonesia. The attributes assessed are: the Mount Merapi volcanic view at Kaliurang Resort; the cultural-mystic and natural allure of Parangtritis Beach; the historical legacy of the Borobudur temple (the world's largest Buddhist monument and a UNESCO World Heritage Site); and the living cultural heritage of Jogjakarta's Kraton or the King's palace. The study shows that the economic values of such attributes are substantial and that there is merit for an upward review of the admission fees for Borobudur and Kaliurang Resort.

Suggested Citation

  • Jamal Othman & Anggi Rahajeng, 2013. "Economic Valuation of Jogjakarta's Tourism Attributes: A Contingent Ranking Analysis," Tourism Economics, , vol. 19(1), pages 187-201, February.
    • Handle: RePEc:sae:toueco:v:19:y:2013:i:1:p:187-201
    DOI: 10.5367/te.2013.0187
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.5367/te.2013.0187
    Download Restriction: no
    File URL: https://libkey.io/10.5367/te.2013.0187?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
    ---><---

    References listed on IDEAS

    as
    1. Othman, Jamal & Bennett, Jeff & Blamey, Russell, 2004. "Environmental values and resource management options: a choice modelling experience in Malaysia," Environment and Development Economics, Cambridge University Press, vol. 9(6), pages 803-824, December.
    2. Caplan, Arthur J. & Grijalva, Therese C. & Jakus, Paul M., 2002. "Waste not or want not? A contingent ranking analysis of curbside waste disposal options," Ecological Economics, Elsevier, vol. 43(2-3), pages 185-197, December.
    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. José L. Oviedo & Hong Il Yoo, 2017. "A Latent Class Nested Logit Model for Rank-Ordered Data with Application to Cork Oak Reforestation," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 68(4), pages 1021-1051, December.
    2. Isabel Mendes, 2015. "Tackling the Multidimensional Characteristics of Archaeological Heritage with Preference Based Approaches," International Journal of Finance, Insurance and Risk Management, International Journal of Finance, Insurance and Risk Management, vol. 5(4), pages 995-995.
    3. Isabel Mendes, 2016. "Assessing the Values of Archaeological Heritage," Working Papers Department of Economics 2016/02, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.

    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. Alessandro Concari & Gerjo Kok & Pim Martens, 2020. "A Systematic Literature Review of Concepts and Factors Related to Pro-Environmental Consumer Behaviour in Relation to Waste Management Through an Interdisciplinary Approach," Sustainability, MDPI, vol. 12(11), pages 1-50, May.
    2. Hassan, Suziana & Olsen, Søren Bøye & Thorsen, Bo Jellesmark, 2019. "Urban-rural divides in preferences for wetland conservation in Malaysia," Land Use Policy, Elsevier, vol. 84(C), pages 226-237.
    3. Birol, Ekin & Villalba, Eric Rayn & Smale, Melinda, 2009. "Farmer preferences for milpa diversity and genetically modified maize in Mexico: a latent class approach," Environment and Development Economics, Cambridge University Press, vol. 14(4), pages 521-540, August.
    4. Gorm Kipperberg & Douglas Larson, 2012. "Heterogeneous Preferences for Community Recycling Programs," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 53(4), pages 577-604, December.
    5. David Aadland & Arthur J. Caplan, 2006. "Curbside recycling: Waste resource or waste of resources?," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 25(4), pages 855-874.
    6. Tuan, Tran Hu & Lindhjem, Henrik, 2008. "Meta-analysis of nature conservation values in Asia & Oceania: Data heterogeneity and benefit transfer issues," MPRA Paper 11470, University Library of Munich, Germany.
    7. Ekin Birol & Sukanya Das, 2010. "The Value of Improved Public Services : An Application of the Choice Experiment Method to Estimate the Value of Improved Wastewater Treatment Infrastructure in India," Development Economics Working Papers 23062, East Asian Bureau of Economic Research.
    8. Columba Martínez-Espinosa & Pieter Wolfs & Katherine Vande Velde & Behara Satyanarayana & Farid Dahdouh-Guebas & Jean Huge, 2020. "Call for a collaborative management at Matang Mangrove Forest Reserve, Malaysia: An assessment from local stakeholders’ view point," ULB Institutional Repository 2013/298679, ULB -- Universite Libre de Bruxelles.
    9. Okello, Afrika Onguko & Otieno, David Jakinda & Nzuma, Jonathan Makau & Kidoido, Michael Mukembo & Tanga, Chrysantus Mbi, 2022. "Smallholder farmers’ willingness to pay for commercial insect-based chicken feed in Kenya," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 26(01), October.
    10. Robert W. Turner & Blake Willmarth, 2014. "Valuation of Cultural and Natural Resources in North Cascades National Park," SAGE Open, , vol. 4(2), pages 21582440145, April.
    11. Baulcomb, Corinne & Fletcher, Ruth & Lewis, Amy & Akoglu, Ekin & Robinson, Leonie & von Almen, Amanda & Hussain, Salman & Glenk, Klaus, 2015. "A pathway to identifying and valuing cultural ecosystem services: An application to marine food webs," Ecosystem Services, Elsevier, vol. 11(C), pages 128-139.
    12. Mat Alipiah, Roseliza & Anang, Zuraini & Abdul Rashid, Noorhaslinda Kulub & Smart, James C. R. & Wan Ibrahim, Wan Noorwatie, 2018. "Aquaculturists Preference Heterogeneity towards Wetland Ecosystem Services: A Latent Class Discrete Choice Model," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(2), pages 253-266.
    13. Bohara, Alok K. & Caplan, Arthur J. & Grijalva, Therese, 2007. "The effect of experience and quantity-based pricing on the valuation of a curbside recycling program," Ecological Economics, Elsevier, vol. 64(2), pages 433-443, December.
    14. Nazatul Haron & Shaufique F. Sidique & Alias Radam, 2017. "Examining the Attributes of Electronic Waste Recycling Service: A Choice Modelling Approach," Asian Social Science, Canadian Center of Science and Education, vol. 13(8), pages 1-12, August.
    15. Birol, Ekin & Koundouri, Phoebe, 2008. "Choice Experiments Informing Environmental Policy:A European Perspective," MPRA Paper 38232, University Library of Munich, Germany.
    16. Willmarth, Blake & Turner, Robert, 2010. "Respondent Consistency in a Tournament-Style Contingent Choice Survey," Working Papers 2010-05, Department of Economics, Colgate University.
    17. Abu Bakar, Nor Afiza & Affizzah Awang Marikan, Dayang & Edman, Salbiah & Ya’kob, Siti Aisyah, 2018. "Evaluating Visitor’s Preferences of Ecotourism and Management Attributes in Kubah National Park: A Choice Experiment Approach," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 52(1), pages 45-55.
    18. Pek, Chuen-Khee & Tee, Chee-Hoong & Ng, Phuay-Ying, 2010. "A Contingent Valuation Estimation of Hill Recreational and Services Values in Malaysia," MPRA Paper 23125, University Library of Munich, Germany.
    19. Hao Hong Do & Oliver Frör, 2022. "River Ecosystem Resilience: Applying the Contingent Valuation Method in Vietnam," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    20. Che Ibrahim, Nur Syuhada & Kamaludin, Mahirah & Shaari, Nur Fatihah, 2019. "A Discrete Choice Experiment in Estimate Public Willingness to Pay for Attributes of Water Services in Terengganu, Malaysia," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 53(2), pages 213-225.

    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:sae:toueco:v:19:y:2013:i:1:p:187-201. 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: SAGE Publications (email available below). General contact details of provider: .

    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.