Economic Valuation of the Environment and the Travel Cost Approach: The Case of Ayubia National Park

Himayatullah
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Himayatullah: Institute of Development Studies, NWFP Agricultural University, Peshawar.

The Pakistan Development Review, 2003, vol. 42, issue 4, 537-551

Abstract: Environmental and natural resource systems such as lakes, rivers, streams, estuaries, forests, and parks provide goods in terms of resources (e.g., flora, fauna, and minerals) and services (e.g., waste sink assimilation), a source of amenity services, use for recreational purposes, and life-support functions. Knowledge of the values of these services may be important for a variety of reasons. Access to such resources for recreation is typically not allocated through markets. Rather, access is typically open to all visitors at a zero price or a nominal entrance fee that bears no relationship to the cost of providing access. And there is no or little variation in these access prices over time or across sites to provide data for econometric estimation of demand functions.

Date: 2003
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