New Zealand Outdoor Recreation Benefits

Pamela Kaval and Richard Tolentino Yao ()

Working Papers in Economics from University of Waikato, Department of Economics

Abstract: Millions of people participate in outdoor recreation activities in New Zealand every year. Economic recreation studies in the country concentrate mostly on market values. Market values only present part of the outdoor recreation benefit; while non-market values represent the other part. In this study, a meta-analysis is used to determine the non-market benefit of recreation. Results show non-market benefits from outdoor recreation to be over five billion dollars annually, exceeding market benefits of approximately four billion. New Zealand non-market values were then compared to those from a United States recreation database and results were favourably similar.

Keywords: non-market valuation; outdoor recreation; consumer surplus; New Zealand (search for similar items in EconPapers)
JEL-codes: Q26 Q51 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-env and nep-tur
Date: 2007-08-03

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Persistent link: http://EconPapers.repec.org/RePEc:wai:econwp:07/14

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