The economic impact of tourism in Xinghai park, china: A travel cost value analysis Using count data regression models

Erda Wang, Zuozhi Li, Bertis B. Little, Yu Yang

Research output: Contribution to journalArticle

15 Citations (Scopus)

Abstract

Using the travel cost method, the authors measure the recreational trip value of Xinghai Park in Dalian, China. They compare nonlinear, truncated Poisson and truncated negative-binomial count data models to estimate recreational trip demand. The economic values of recreational trips in terms of consumer surplus (CS) are derived from each model. They estimate the CS values at between RMB ¥493 (US$64) to RMB ¥562 (US$73) per trip, resulting in a total social welfare estimate in the range from RMB ¥1.08 billion to RMB ¥1.23 billion (US$140 million to US$160 million in 2007).

Original languageEnglish
Pages (from-to)413-425
Number of pages13
JournalTourism Economics
Volume15
Issue number2
DOIs
Publication statusPublished - Jun 2009

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All Science Journal Classification (ASJC) codes

  • Geography, Planning and Development
  • Tourism, Leisure and Hospitality Management

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