Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur

This case study estimated the demand for and value of the recreational resources in Taman Negara National Park, Pahang Darul Makmur. The two cardinal approaches used in this study were the Contingent Valuation Method (CVM) and Travel Cost Method (TCM). Since the benefit of non-market product is d...

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Main Author:	Mohd Salleh, Norlida Hanim
Format:	Thesis
Language:	English English
Published:	1999
Subjects:	Outdoor recreation - Taman Negara - Pahang - Case study
Online Access:	http://psasir.upm.edu.my/id/eprint/8239/1/FEP_1999_1_A.pdf
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id	my-upm-ir.8239
record_format	uketd_dc
spelling	my-upm-ir.82392010-11-08T08:09:01Z Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur 1999 Mohd Salleh, Norlida Hanim This case study estimated the demand for and value of the recreational resources in Taman Negara National Park, Pahang Darul Makmur. The two cardinal approaches used in this study were the Contingent Valuation Method (CVM) and Travel Cost Method (TCM). Since the benefit of non-market product is difficult to quantify, it is important to have proper and accurate evaluation techniques. The demand for outdoor recreation at Taman Negara National Park, is influenced by several factors. These include travel cost, income and socio-economic variables. The demand model in simple linear, semi-log and double log regression functional forms were estimated using the Ordinary Least Square (OLS) technique for Travel Cost Method; while the Logit and Probit techniques were used for the Contingent Valuation Method. The results show that only the average travel cost, the average on site cost and the average income influenced the demand for outdoor recreation in Taman Negara National Park. The economic value of outdoor recreation at the Taman Negara National Park was measured using the concept of user's willingness to pay in both Travel Cost Method and Contingent Valuation Method. The consumers' surplus for each individual was calculated to derive the economic values. The consumers' surplus of each individual for outdoor recreational resource at the Taman Negara National Park, using the Travel Cost Method was approximately RM123.60, calculated using the traditional approach and RM122.44 using the Gum-Martin approach. The Contingent Valuation Method yielded mean values of RM235.06 for the Logit technique and RM280.86 for the Probit technique. Outdoor recreation - Taman Negara - Pahang - Case study 1999 Thesis http://psasir.upm.edu.my/id/eprint/8239/ http://psasir.upm.edu.my/id/eprint/8239/1/FEP_1999_1_A.pdf application/pdf en public masters Universiti Putra Malaysia Outdoor recreation - Taman Negara - Pahang - Case study Faculty of Economics and Management English
institution	Universiti Putra Malaysia
collection	PSAS Institutional Repository
language	English English
topic	Outdoor recreation - Taman Negara - Pahang - Case study
spellingShingle	Outdoor recreation - Taman Negara - Pahang - Case study Mohd Salleh, Norlida Hanim Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
description	This case study estimated the demand for and value of the recreational resources in Taman Negara National Park, Pahang Darul Makmur. The two cardinal approaches used in this study were the Contingent Valuation Method (CVM) and Travel Cost Method (TCM). Since the benefit of non-market product is difficult to quantify, it is important to have proper and accurate evaluation techniques. The demand for outdoor recreation at Taman Negara National Park, is influenced by several factors. These include travel cost, income and socio-economic variables. The demand model in simple linear, semi-log and double log regression functional forms were estimated using the Ordinary Least Square (OLS) technique for Travel Cost Method; while the Logit and Probit techniques were used for the Contingent Valuation Method. The results show that only the average travel cost, the average on site cost and the average income influenced the demand for outdoor recreation in Taman Negara National Park. The economic value of outdoor recreation at the Taman Negara National Park was measured using the concept of user's willingness to pay in both Travel Cost Method and Contingent Valuation Method. The consumers' surplus for each individual was calculated to derive the economic values. The consumers' surplus of each individual for outdoor recreational resource at the Taman Negara National Park, using the Travel Cost Method was approximately RM123.60, calculated using the traditional approach and RM122.44 using the Gum-Martin approach. The Contingent Valuation Method yielded mean values of RM235.06 for the Logit technique and RM280.86 for the Probit technique.
format	Thesis
qualification_level	Master's degree
author	Mohd Salleh, Norlida Hanim
author_facet	Mohd Salleh, Norlida Hanim
author_sort	Mohd Salleh, Norlida Hanim
title	Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
title_short	Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
title_full	Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
title_fullStr	Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
title_full_unstemmed	Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur
title_sort	valuing outdoor recreational resources: a case study at taman negara, pahang darul makmur
granting_institution	Universiti Putra Malaysia
granting_department	Faculty of Economics and Management
publishDate	1999
url	http://psasir.upm.edu.my/id/eprint/8239/1/FEP_1999_1_A.pdf
_version_	1747810768962715648

Valuing Outdoor Recreational Resources: A Case Study at Taman Negara, Pahang Darul Makmur

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