Economic Value Estimation of the Natural Heritage of the Tatra National Park

The aim of the study is to determine the economic value of the Tatra National Park. The willingness to pay approximation was used. Additionally, a questionnaire survey was applied in order to collect data. It contained a hypothetical event, and respondents expressed their willingness to pay an annua...

Full description

Saved in:
Bibliographic Details
Published in:International journal of environmental research and public health 2020-04, Vol.17 (9), p.3032
Main Authors: Kubak, Matus, Gavurova, Beata, Legutka, Klaudia
Format: Article
Language:English
Subjects:
Biodiversity
Biosphere
Commodities
Ecosystems
Environmental economics
Forests
Methods
National parks
Nonresidents
Parks & recreation areas
Sports facilities
Tourism
Valuation
Values
Willingness to pay
Citations: Items that this one cites
Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:The aim of the study is to determine the economic value of the Tatra National Park. The willingness to pay approximation was used. Additionally, a questionnaire survey was applied in order to collect data. It contained a hypothetical event, and respondents expressed their willingness to pay an annual entry fee to the Tatra National Park in exchange for a guarantee of stopping the interference to its integrity. The total number of respondents was 921. The results show that the income level has a positive impact on respondents' willingness to pay for entry to the Tatra National Park. With the increase of fee, the willingness to pay for entry to the Tatra National Park decreased by 2.2% for every additional price increase. The resulting value of the Tatra National Park, with the limits of the presented research mentioned in the paper, is approximately 17.5 million €.
ISSN:1660-4601
1661-7827
1660-4601
DOI:10.3390/ijerph17093032