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VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS

Awan Setya Dewanta

This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount Merapi

National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent

ones, the paper estimates the visitor’s utility using a categorical regression technique. Applying

in-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utility

function for recreation at volcano national park is better estimated using the negative binomial

distribution model. It also finds that the economic value of recreation at volcano national park is Rp

222,000, and that the total consumer surplus for recreation national park is Rp 31.2 billion.

Keywords: Travel cost valuation, binomial regression model, recreation national park valuation

JEL classification numbers: D12, L83

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VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS

Awan Setya Dewanta

This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount Merapi

National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent

ones, the paper estimates the visitor’s utility using a categorical regression technique. Applying

in-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utility

function for recreation at volcano national park is better estimated using the negative binomial

distribution model. It also finds that the economic value of recreation at volcano national park is Rp

222,000, and that the total consumer surplus for recreation national park is Rp 31.2 billion.

Keywords: Travel cost valuation, binomial regression model, recreation national park valuation

JEL classification numbers: D12, L83

VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS

Awan Setya Dewanta

This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount Merapi

National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent

ones, the paper estimates the visitor’s utility using a categorical regression technique. Applying

in-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utility

function for recreation at volcano national park is better estimated using the negative binomial

distribution model. It also finds that the economic value of recreation at volcano national park is Rp

222,000, and that the total consumer surplus for recreation national park is Rp 31.2 billion.

Keywords: Travel cost valuation, binomial regression model, recreation national park valuation

JEL classification numbers: D12, L83

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Titel:

VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS

Beteiligte:

Awan Setya Dewanta (Autor:in)

Erschienen in:

Economic Journal of Emerging Markets, Vol 2, Iss 1 (2011)

Erscheinungsdatum:

2011

ISSN:

2086-3128 , 2502-180X

Medientyp:

Aufsatz (Zeitschrift)

Format:

Elektronische Ressource

Sprache:

Unbekannt

Schlagwörter:

Economic growth, development, planning , HD72-88 , Regional economics. Space in economics , HT388

Metadata by DOAJ is licensed under CC BY-SA 1.0

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