Kaval, P. & Yao, R. (2007). New Zealand outdoor recreation benefits. (Department of Economics Working Paper Series, Number 14/07). Hamilton, New Zealand: University of Waikato.
Permanent Research Commons link: http://hdl.handle.net/10289/1611
Millions of people participate in outdoor recreation activities in New Zealand every year. Economic recreation studies in the country concentrate mostly on market values. Market values only present part of the outdoor recreation benefit; while non-market values represent the other part. In this study, a meta-analysis is used to determine the non-market benefit of recreation. Results show non-market benefits from outdoor recreation to be over five billion dollars annually, exceeding market benefits of approximately four billion. New Zealand non-market values were then compared to those from a United States recreation database and results were favourably similar.
Waikato Management School
- Management Papers