ENVIRONMENTAL AUDITING: Economic Values of Recreational Power Boating Resources in Pennsylvania |
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| Authors: | Elwood L Shafer Arun Upneja Wonseok Seo Jihwan Yoon |
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| Institution: | (1) School of Hotel, Restaurant and Recreation Management, The Pennsylvania State University, 215 Mateer Building, University Park, Pennsylvania 16802 USA , US |
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| Abstract: | / The travel cost method was used to estimate the economic value of seven major power boating resources in Pennsylvania. A significant relationship between number of visitor trips and cost per visitor trip existed for five of the seven water bodies. The annual total value for those five resources was $396 million, which was 2.5 times greater than the total out-of-pocket expenditures of approximately $157 million visitors spent to visit them. Research results can help resource managers plan and craft programs and policies that are founded on economic values of the natural resources involved. |
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| Keywords: | : Travel cost method Power boating Recreation Economic values Pennsylvania Visitor trips |
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