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VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS

Economic Journal of Emerging Markets

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Field Value
 
Title VALUATION OF MOUNT MERAPI NATIONAL PARK: A TRAVEL COST ANALYSIS
 
Creator Dewanta, Awan Setya
 
Description This study estimates recreational value of Taman Nasional Gunung Merapi (TNGM – Mount MerapiNational Park) in Kaliurang, Yogyakarta with a travel cost method. Since the visitors are not the frequentones, the paper estimates the visitor’s utility using a categorical regression technique. Applyingin-depth interview on visitors from August 1st until August 15th 2009, the results suggest that the utilityfunction for recreation at volcano national park is better estimated using the negative binomialdistribution model. It also finds that the economic value of recreation at volcano national park is Rp222,000, 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 valuationJEL classification numbers: D12, L83
 
Publisher Universitas Islam Indonesia
 
Contributor —
 
Date 2011-09-30
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://journal.uii.ac.id/index.php/JEP/article/view/2386
 
Source Economic Journal of Emerging Markets; Volume 2 Issue 1, 2010; 79-88
2502-180X
2086-3128
 
Language eng
 
Relation http://journal.uii.ac.id/index.php/JEP/article/view/2386/2185