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The Economic Value of Recreational Assets During the COVID-19 Pandemic on the Example of Bóbr Valley Railway “Bobertalbahn”

In: Eurasian Business and Economics Perspectives

Author

Listed:
  • Paweł Piepiora

    (Wroclaw University of Health and Sport Sciences)

  • Justyna Bagińska

    (Wroclaw Business University of Applied Sciences)

  • Zbigniew Piepiora

    (Wrocław University of Environmental and Life Sciences)

Abstract

The purpose of this paper is to answer a research question: has the economic value of recreational assets of Bóbr Valley Railway during the Covid-19 pandemic increased? A motivation to conduct the analysis was the information concerning the possibility of the restoration of the examined line. We carried out a survey and estimated the economic value of recreational assets of the railway using the contingent valuation method. Due to the Covid-19 pandemic, we collected the questionnaires fully online. We conducted the research in Poland in the second half of 2020. The economic value of recreational assets of Bóbr Valley Railway amounted almost PLN 5.2 million (EUR 1.1 million) in 2019 and PLN 222.8 million (EUR 47.6 million) in 2020. The research question was positively confirmed. The reason was a 3-fold increase in the intensity of tourist traffic from the year 2019 to 2020—in spite of ongoing Covid-19 pandemic and a 15-fold reduction in the reference rate by the National Bank of Poland at the beginning of 2020.

Suggested Citation

  • Paweł Piepiora & Justyna Bagińska & Zbigniew Piepiora, 2023. "The Economic Value of Recreational Assets During the COVID-19 Pandemic on the Example of Bóbr Valley Railway “Bobertalbahn”," Eurasian Studies in Business and Economics, in: Mehmet Hüseyin Bilgin & Hakan Danis & Ender Demir & Leszek Wincenciak & S. Tolga Er (ed.), Eurasian Business and Economics Perspectives, pages 395-405, Springer.
    • Handle: RePEc:spr:eurchp:978-3-031-36286-6_23
    DOI: 10.1007/978-3-031-36286-6_23
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