Valuing Outdoor Recreation Activities Using a Meta-Analysis Model in China: An Empirical Study

Erda Wang, Ling Zhao, Ying Zhou and Bertis B. Little
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Erda Wang: Institute of Human Resource and Tourism Management, School of Business Management, Dalian University of Technology, No 2 Linggong Road, Dalian 116023, PR China
Ling Zhao: School of Business Management, Dalian University of Technology, Dalian, PR China
Ying Zhou: School of Business Management, Dalian University of Technology, Dalian, PR China
Bertis B. Little: Center for Agribusiness Excellence, Tarleton State University, Texas A&M University System, Stephenville, TX, USA

Tourism Economics, 2013, vol. 19, issue 2, 415-432

Abstract: This paper analyses a large dataset based on empirical non-market valuation study results reported in the USA. The dataset is used to estimate a meta-regression model that is applied to predict the corresponding recreation activity values in China. The convergent validity of the meta-analytical international benefit transfer is tested against observed recreation activity values in China. In the process, a relative percentage error indicator, paired t -test and the Wilcoxon signed-rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer.

Keywords: international benefit transfer; meta-regression analysis; validity test; recreation activity valuation (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:19:y:2013:i:2:p:415-432

DOI: 10.5367/te.2013.0207

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