Economic Valuation Of The Recreational Use Value Of Babogayya Lake (bishoftu Town) Application Of The Individual Travel Cost Method (itcm)

There are many tourist attraction sites in Ethiopia. Bishoftu town, is located in Oromia Region,rnEastern Shewa Zone, on the way from Addis Ababa to Adama and some 50 km away from AddisrnAbaba.rnThis study analysis & shed light on the economic valuation of the use value of the BabogayyarnLake (Bishoftu town) outdoor recreational by using the travel cost method.rnBoth primary & secondary data types were used. For collection of the data both structuredrnquestionnaires’ and interviews were used.rnFor analysis of collected data both Descriptive Statistical and Econometric analysis (count datarnregression model (Poisson model) were employed.rnThe study estimated that the individual outdoor recreational demand (LnVrate= 0.5366-rn0.000028tc), total annual recreational benefit of the site ($90,811,935.5959) and total annualrnconsumer surplus of the site ($39,231,916.3559).rnBased on the study results possible policy implications were also provided

Get Full Work

Report copyright infringement or plagiarism