Recreational Valuation of Pasikudah Beach Using Zonal Travel Cost Method
Journal Title: Scholars Journal of Economics, Business and Management - Year 2017, Vol 4, Issue 10
Abstract
Abstract:Pasikuda beach is recognized as one of safest beaches in Sri Lanka and very famous among the visitors. The bay was endangered due to coral mining and bleaching, and now it was proposed as a marine sanctuary by National Aquatic Resources Research and Development Agency. This study was designed to analyze the recreational value of Pasikudah beach in monetary terms in order to preserve it for future generation and for further improvements in quality. Since Pasikudah beach is an environmental resource the non-market valuation is necessary. Zonal travel cost method was used to calculate the recreational valuation of Pasikudah beach. Data on travel cost and related information were collected from randomly selected 80 visitors to the site from August to October 2016 at Pasikudah beach using two-stage random sampling method. Structured questionnaires were used to collect data and was pretested prior to use.Visitation rate / year to Pasikudah beach was significantly and negatively influenced by round trip travel cost (p < 0.1). The mean value for travel cost to Pasikudah was estimated in Sri Lankan Rupees (Rs.) 357.35 /- person and the mean value for round trip travel cost (including accommodation and onsite expanses) to Pasikudah was Rs. 989.40 /- person / visit. Total economic benefits from recreational uses of the Pasikudah beach was estimated around Rs. 26,361,843.21 / year. Keywords:Non market valuation, Recreational value, Round trip travel cost, Travel Cost method.
Authors and Affiliations
S. Komahan, Gunaratne LHP
Keywords
Related Articles
- EP ID EP385590
- DOI -
- Views 84
- Downloads 0
Managing Records for Good Governance in E-Government Environment: The Kenya Experience
The government of Kenya like other Governments around the world is pursuing strategic objectives designed to enhance the effectiveness of government programmes and operations, promote good governance, transparency and ac...
Managerial Effectiveness and Corporate Performance: A Study of Micro Finance Bank Management in Nigeria
Poverty, unemployment which causes rural – urban migration and many other social problems has been witnessed in Nigeria in many ways. Yet the rural unemployed and uneducated farmers are blessed with ideas and are ready t...
Human Resource Management Practices in Selected Private Sector Banks in Puducherry
The study has analyzed human resource practices in selected private sector banks in Puducherry. For this purpose the researchers selected five private sector banks operating in the town namely ICICI bank, Axis bank, Cit...
Impact of Academic Stress Among MBA Students of Sardar Patel College, Hyderabad
The main aim of the study is to investigate the academic stressors experienced by the MBA students. A total sample of 50 students have participated in this study were from Department of MBA, Sardar Patel College. Data we...
Workings of Select Urban Co-Operative Banks In Tamilnadu With Reference To Efficiency of Advances Management
An efficient management of advances of a bank will lead for earning more profit. So the study has been undertaken in the aspect of advances management of the selected UCBs. The study has selected four UCBs in Tamilnadu...