The Total Economic Value of Sport Tourism in Belt and Road Development—An Environmental Perspective
Chun-Chu Yeh (),
Cheng-Shen Lin () and
Chin-Huang Huang ()
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Chun-Chu Yeh: Department of Tourism and Hospitality, Transworld University, No.1221, Zhennan Rd., Douliu City, Yunlin County 640, Taiwan
Cheng-Shen Lin: Department of Finance, Mingdao University, No. 369, Wen-Hua Rd. Peetow, ChangHua 523, Taiwan
Chin-Huang Huang: Department of Sport Management, National Taiwan University of Sport, No. 16, Section 1, Shuang-Shih Road, Taichung 404, Taiwan
Sustainability, 2018, vol. 10, issue 4, 1-14
The development of the belt and road region leads cities to significantly increase the amount of public expenditure on the new construction of facilities and infrastructure. Mass construction not only relies on many environmental resources, but might also destroy the local natural environment. In order to reveal the importance of the natural environment, this study explores the economic value of the natural landscape for sport tourism in Taiwan. While the concept of total economic value (TEV) is applied to the Sun–Moon Lake Swimming Carnival Event, the travel cost method (TCM) is adopted to estimate the use value for participants, and the double-bounded dichotomous contingent valuation method (CVM) and survival analysis are performed to evaluate the non-use value for the residents. The use value is on average NT$ 5668 for one participant. The median willingness to pay for the option value, existence value and bequest value of every resident is NT$433, NT$411 and NT$274, respectively.
Keywords: sport tourism; total economic value; travel cost method; contingent valuation method (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:10:y:2018:i:4:p:1191-:d:141164
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