An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity

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dc.contributor.authorConradie, Beatrice
dc.contributor.authorGarcia, Maria
dc.date.accessioned2016-07-11T12:19:07Z
dc.date.available2016-07-11T12:19:07Z
dc.date.issued2013
dc.date.updated2016-06-27T13:04:40Z
dc.description.abstractThe Agulhas Plain is a remarkable recreational site which combines the attraction of a pristine marine environment with exceptional plant biodiversity, rural tranquility and the novelty of being at the southernmost tip of Africa. The resource is a public good to which the market cannot assign a full value. This paper presents an estimated recreational value based on individual travel cost models and a sample of 370 visitors surveyed in 2010. Trip demands were estimated with zero truncated negative binomial models to account for over-dispersion. The study established a recreational value of R2.167 billion in 2010 prices for the site as a whole. By partitioning the sample into visitors who indicated having been attracted or not to the area by its nature and biodiversity, a net biodiversity value of R2 866 per trip was calculated. Allocated between marine and terrestrial resources based on the proportion of activities related to each type of resource, the value of plant biodiversity was estimated to be R2 268 per hectare in 2010to 2010 prices.en_ZA
dc.identifier.apacitationConradie, B., & Garcia, M. (2013). An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity. <i>South African Journal of Economic and Management Science</i>, http://hdl.handle.net/11427/20281en_ZA
dc.identifier.chicagocitationConradie, Beatrice, and Maria Garcia "An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity." <i>South African Journal of Economic and Management Science</i> (2013) http://hdl.handle.net/11427/20281en_ZA
dc.identifier.citationConradie, B., & Garcia, M. (2013). An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity. South African Journal of Economic and Management Sciences, 16(2), 170-182.en_ZA
dc.identifier.issn1015-8812en_ZA
dc.identifier.ris TY - Journal Article AU - Conradie, Beatrice AU - Garcia, Maria AB - The Agulhas Plain is a remarkable recreational site which combines the attraction of a pristine marine environment with exceptional plant biodiversity, rural tranquility and the novelty of being at the southernmost tip of Africa. The resource is a public good to which the market cannot assign a full value. This paper presents an estimated recreational value based on individual travel cost models and a sample of 370 visitors surveyed in 2010. Trip demands were estimated with zero truncated negative binomial models to account for over-dispersion. The study established a recreational value of R2.167 billion in 2010 prices for the site as a whole. By partitioning the sample into visitors who indicated having been attracted or not to the area by its nature and biodiversity, a net biodiversity value of R2 866 per trip was calculated. Allocated between marine and terrestrial resources based on the proportion of activities related to each type of resource, the value of plant biodiversity was estimated to be R2 268 per hectare in 2010to 2010 prices. DA - 2013 DB - OpenUCT DP - University of Cape Town J1 - South African Journal of Economic and Management Science LK - https://open.uct.ac.za PB - University of Cape Town PY - 2013 SM - 1015-8812 T1 - An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity TI - An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity UR - http://hdl.handle.net/11427/20281 ER - en_ZA
dc.identifier.urihttp://hdl.handle.net/11427/20281
dc.identifier.vancouvercitationConradie B, Garcia M. An estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversity. South African Journal of Economic and Management Science. 2013; http://hdl.handle.net/11427/20281.en_ZA
dc.languageengen_ZA
dc.publisherUniversity of Pretoriaen_ZA
dc.publisher.departmentCentre for Social Science Research(CSSR)en_ZA
dc.publisher.facultyFaculty of Humanitiesen_ZA
dc.publisher.institutionUniversity of Cape Town
dc.relation.ispartofseries1015-8812en_ZA
dc.rightsCreative Commons Attribution 4.0 International (CC BY 4.0)*
dc.rights.urihttp://creativecommons.org/licenses/by/4.0/en_ZA
dc.sourceSouth African Journal of Economic and Management Scienceen_ZA
dc.source.urihttp://www.scielo.org.za/scielo.php?script=sci_serial&pid=2222-3436&lng=en&nrm=iso
dc.subject.otherRecreational value
dc.subject.otherBiodiversity valuation
dc.subject.otherIndividual travel cost model
dc.subject.otherAgulhas Plain
dc.titleAn estimate of the recreational value of the Agulhas Plain, South Africa, with special reference to the value of plant biodiversityen_ZA
dc.typeJournal Articleen_ZA
uct.type.filetypeText
uct.type.filetypeImage
uct.type.publicationResearchen_ZA
uct.type.resourceArticleen_ZA
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