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on Tourism Economics |
| By: | Tamara Trinh |
| Abstract: | Vietnam's (re) discovery in recent years by the international investor community gives the country a second chance to become and Asia tiger. The article looks into the economic, social, political, performance of the country. |
| Keywords: | china, vietnam, tourism, infrastructure and the banking sector, capital markets, education, diaspora, investments, foreign markets, tourism, IT sourcing, international, investor, Asia, community, India, |
| Date: | 2010 |
| URL: | http://d.repec.org/n?u=RePEc:ess:wpaper:id:2574&r=tur |
| By: | John Rolfe (Faculty of Business and Informatics at Central Queensland University y); Jill Windle (Faculty of Business and Informatics at Central Queensland University) |
| Abstract: | In this paper the results of a choice modelling experiment to value increased protection of the Great Barrier Reef in Australia is reported. There are very few previous studies that identify protection values for the Great Barrier Reef, making it difficult to evaluate whether the community benefits from future additional protection measures are larger than the costs involved. The valuation experiment that has been conducted is novel in two important ways. First, different management policies to increase protection have been included as labels in the choice experiment to test if the mechanisms to achieve improvements are important to respondents. Second, the level of certainty associated with predicted reef health has been included as an attribute in the choice profiles, helping to distinguish between outcomes of different management policies. The results show that protection values vary with the policy scope of the improvements being considered. Values are sensitive to whether protection will be generated by improving water quality entering the reef, increasing conservation zones or reducing greenhouse gas emissions, and the level of certainty of outcomes. The average household willingness to pay for five years for each additional 1% of protection is approximately $26.37 when the broad management options to generate improvements were included in the choice sets. These results can be extrapolated to a total value held by Queensland households of $132.8M to $171.5M per 1% improvement, depending on the assumptions used about the discount rate. |
| Date: | 2010–01 |
| URL: | http://d.repec.org/n?u=RePEc:een:eenhrr:1057&r=tur |
| By: | Abbie McCartney (School of Agricultural and Resource Economics, University of Western Australia.); Jonelle Cleland (School of Agricultural and Resource Economics, University of Western Australia.); Michael Burton (School of Agricultural and Resource Economics, University of Western Australia.) |
| Abstract: | This working paper utilises the choice modelling technique to investigate how information and understanding influences preferences of the general public for conservation of natural environments, specifically the tropical waterways and wetlands of the Kimberley region in Western Australia. The paper forms part of a larger study investigating preference divergence for environmental systems between experts and non?experts. By priming the public with more information about complex environmental problems, one might expect them to form preferences similar to that of experts. A preliminary analysis of public low and high information samples finds that, when birds and plants are the focus of species conservation with respect to the tropical waterways, increased information does not significantly impact preferences. However, when fish species conservation is considered significant differences are found. In this instance individuals appear to have reacted favourably to the additional information, recognising that rare species require more protection than widespread iconic species by placing higher values on their conservation. Generally speaking, respondents preferred high levels of conservation improvements over all attributes considered, rather than lower incremental improvements. Results should be interpreted with care as further analysis is required, including investigation of the alternative specific constant and inclusion of individual characteristics to explain sample heterogeneity. |
| Date: | 2010–05 |
| URL: | http://d.repec.org/n?u=RePEc:een:eenhrr:1060&r=tur |