VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS
<div>This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount Merapi</div><div>National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent</div><div>ones, the paper estimates the visitor’s utili...
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| Format: | Article |
| Language: | English |
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Universitas Islam Indonesia
2011-09-01
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| Series: | Economic Journal of Emerging Markets |
| Online Access: | http://jurnal.uii.ac.id/index.php/JEP/article/view/2386 |
| Summary: | <div>This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount Merapi</div><div>National Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequent</div><div>ones, the paper estimates the visitor’s utility using a categorical regression technique. Applying</div><div>in-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utility</div><div>function for recreation at volcano national park is better estimated using the negative binomial</div><div>distribution model. It also finds that the economic value of recreation at volcano national park is Rp</div><div>222,000, and that the total consumer surplus for recreation national park is Rp 31.2 billion.</div><div><br /></div><div>Keywords: Travel cost valuation, binomial regression model, recreation national park valuation</div><div>JEL classification numbers: D12, L83</div> |
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| ISSN: | 2086-3128 2502-180X |