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on Tourism Economics |
| By: | Paulo A.L.D. Nunes (Fondazione Eni Enrico Mattei); Rosimeiry Portela (Conservation International, Center for Applied Biodiversity Science); Nalini Rao (Conservation International, Center for Applied Biodiversity Science); Sonja S. Teelucksingh (Fondazione Eni Enrico Mattei and the University of the West Indies) |
| Abstract: | The role of economic analysis in guiding the sustainable development of estuarine and coastal ecosystems is investigated based on a comprehensive review of the literature on the valuation of the recreation, cultural and aesthetic services. The implications of the findings for the sustainable management of coral reefs, Marine Protected Areas, and Small Island Developing States are discussed. Finally, the potential of meta-analytical benefit transfer and scaling up of values at various aggregation levels is demonstrated in the context of coastal tourism and recreation in Europe. The results of the study support the conclusion that the non-material values provided by coastal and estuarine ecosystems in terms of recreational, cultural and aesthetic services represent a substantial component of human well-being. |
| Keywords: | Aesthetic Values, Coastal Recreation, Coral Reefs, Cultural Values, Ecosystem Services Valuation, Ecosystem Services, Estuarine Ecosystems, Marine Protected Areas, Non-market Valuation, Non-use Values, Passive Values, Recreational Fishing, Small Island Developing States, Spiritual and Religious Values. |
| JEL: | Q20 Q26 Q57 |
| Date: | 2009–12 |
| URL: | http://d.repec.org/n?u=RePEc:fem:femwpa:2009.121&r=tur |
| By: | Chen, Min |
| Abstract: | Random Utility Models of recreation demand are widely used to relate demand and value to the characteristics of recreation sites. Although some kinds of endogeneity problems have been studied in previous literature, no study has addressed the potential problem with site characteristics that are endogenously supplied. Some site characteristics, like facilities, could be endogenous in an economic sense due to the interplay of supply and demand. That is, more popular recreation sites tend to have better site characteristics since managers with limited budgets would be more willing to invest in them. If recreation site improvements are more likely to occur at the more popular sites, then this economic endogeneity might cause problems for econometric models linking site demand to facilities. In this paper, we use Monte Carlo simulations to investigate under what situations this economic endogeneity will lead to statistical endogeneity. |
| Keywords: | Random Utility Maximization models, Facilities, Endogeneity, Monte Carlo simulations, Environmental Economics and Policy, Q51, |
| Date: | 2009 |
| URL: | http://d.repec.org/n?u=RePEc:ags:midagr:55808&r=tur |