Assessing the recreational value of protective forests at Taitung Forest Park in Taiwan

Chyi-Rong Chiou, Jiunn-Cheng Lin, Wan-Yu Liu and Tsung-Wei Lin
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Chyi-Rong Chiou: National Taiwan University, Taiwan
Jiunn-Cheng Lin: Taiwan Forestry Research Institute, Taiwan
Tsung-Wei Lin: National Taiwan University, Taiwan

Tourism Economics, 2016, vol. 22, issue 5, 1132-1140

Abstract: The protective forests in the Taitung Forest Park, Taiwan, are studied to explore the potential recreational benefits in the year 2014. First, the importance performance analysis and stepwise discriminant analysis are first adopted to analyze the relationship between the tourist satisfaction and environmental factors. The contingent valuation method and Tobit regression model are then applied to evaluate the benefits of protective forests. It shows that the willingness to pay price for entrance to the Taitung Forest Park is NT$21.7 for each person. Note that US$1 is around NT$30. The Taitung Forest Park creates a recreational value of NT$12,732,120 per year on average. The research outcomes are crucial for the Taitung Forest Park Administration Office for potential price-making in the future.

Keywords: forest park; recreational benefits; Taiwan; Tobit regression model; valuation method (search for similar items in EconPapers)
Date: 2016
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Persistent link: https://EconPapers.repec.org/RePEc:sae:toueco:v:22:y:2016:i:5:p:1132-1140

DOI: 10.5367/te.2015.0468

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