The Economic Value of Recreational Assets During the COVID-19 Pandemic on the Example of Bóbr Valley Railway “Bobertalbahn”

Paweł Piepiora (), Justyna Bagińska () and Zbigniew Piepiora ()
Additional contact information
Paweł Piepiora: Wroclaw University of Health and Sport Sciences
Justyna Bagińska: Wroclaw Business University of Applied Sciences
Zbigniew Piepiora: Wrocław University of Environmental and Life Sciences

A chapter in Eurasian Business and Economics Perspectives, 2023, pp 395-405 from Springer

Abstract: Abstract The purpose of this paper is to answer a research question: has the economic value of recreational assets of Bóbr Valley Railway during the Covid-19 pandemic increased? A motivation to conduct the analysis was the information concerning the possibility of the restoration of the examined line. We carried out a survey and estimated the economic value of recreational assets of the railway using the contingent valuation method. Due to the Covid-19 pandemic, we collected the questionnaires fully online. We conducted the research in Poland in the second half of 2020. The economic value of recreational assets of Bóbr Valley Railway amounted almost PLN 5.2 million (EUR 1.1 million) in 2019 and PLN 222.8 million (EUR 47.6 million) in 2020. The research question was positively confirmed. The reason was a 3-fold increase in the intensity of tourist traffic from the year 2019 to 2020—in spite of ongoing Covid-19 pandemic and a 15-fold reduction in the reference rate by the National Bank of Poland at the beginning of 2020.

Keywords: Value; Recreational assets; CVM; WTP; Bóbr Valley Railway “Bobertalbahn” (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:eurchp:978-3-031-36286-6_23

Ordering information: This item can be ordered from
http://www.springer.com/9783031362866

DOI: 10.1007/978-3-031-36286-6_23

Access Statistics for this chapter

More chapters in Eurasian Studies in Business and Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().