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Published (Version of record)CC BY V4.0, Open Access
Published (Version of record)CC BY V4.0, Open
Journal article
Valuing recreational services: A review of methods with application to New South Wales National Parks
Ecosystem Services, Vol.50, pp.1-15
08/2021
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Abstract
Recreation has been an important policy impetus for the creation of protected area networks worldwide. This paper reviews valuation techniques for recreation ecosystem services, a subset of cultural services provided by New South Wales national parks, guided by recent conceptual developments and applications in the context of the SEEA Ecosystem Accounting revision process. Drawing from an extensive population survey on national park visitation and existing welfare valuation work, we apply eight different valuation methods suitable to environmental-economic accounting. Methods are compared using four criteria: their degree of conceptual fit, their information cost in a range of contexts, their degree of spatial explicitness and their sensitivity to assumptions or exogenous factors. We offer a pragmatic, applied perspective on recent conceptual advances in environmental economic accounting, including a discussion of the relative merits of production versus consumption approaches. The results of this analysis will be used in statewide and regional ecosystem services accounts in New South Wales. They will subsequently be used to estimate national park asset values and to monitor the productivity of government investment in the New South Wales National Parks Estate.
Details
- Title
- Valuing recreational services: A review of methods with application to New South Wales National Parks
- Creators
- Marie-Chantale Pelletier - NSW Department of Planning, Industry and EnvironmentElizabeth Heagney - NSW Department of Planning, Industry and EnvironmentMladen Kovač - NSW Department of Planning, Industry and Environment
- Publication Details
- Ecosystem Services, Vol.50, pp.1-15
- Publisher
- Elsevier BV
- Identifiers
- 991012948484402368
- Copyright
- © 2021 The Authors. Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
- Academic Unit
- Faculty of Science and Engineering; School of Environment, Science and Engineering; Science
- Language
- English
- Resource Type
- Journal article