Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 323

Article in Press

ESTIMATING THE RECREATIONAL VALUE OF BORENA SAYINT NATIONAL PARK, NORTH CENTRAL ETHIOPIA, TRAVEL COST METHOD

Andualem Assefa Welde

  •  Received: 10 May 2019
  •  Accepted: 21 August 2019
Trip to recreational sites is a human activity that increases visitors’ utility. The demand for outdoor recreation has a tendency of increasing with the increase in population, income and mobility. There is, however, limited natural and financial resource for the provision of outdoor recreation. Thus, there is a need to have a quantitative estimate of economic benefit of outdoor recreation site so as to properly and efficiently allocate scarce resources. In this paper, the recreational economic value of Borena Sayint national park was estimated by travel cost method through consumer surplus. The consumer surplus per visit was calculated to be birr 185.74 from only domestic visitors.

Keywords: Borena Sayint national park, Travel cost method, Recreational Value