nep-tur New Economics Papers
on Tourism Economics
Issue of 2013‒05‒11
four papers chosen by
Antonello Scorcu
University of Bologna

  1. Indicators for Measuring Competitiveness in Tourism: A Guidance Document By Alain Dupeyras; Neil MacCallum
  2. Mining Rehabilitation Planning, Mining Heritage Tourism, Benefits and Contingent Valuation By Isabel Mendes
  3. The Value of Climate Amenities: Evidence from US Migration Decisions By Sinha, Paramita; Cropper, Maureen L.
  4. The impact of urban amenities on apartment prices in Münster: How important is location within a city? By Hiller, Norbert

  1. By: Alain Dupeyras; Neil MacCallum
    Abstract: Mature tourism economies need to regain competitiveness as a new source of growth. Active policies require a good understanding of the determinants of competitiveness. This measurement framework includes a short list of core and additional indicators to guide governments in their analysis of tourism competitiveness and to inform tourism policy development. This framework is to be considered by countries as a toolkit and a guide. Pilot testing of the indicators will drive the work forward. The report was reviewed and approved by the OECD Tourism Committee on 10 April 2013.
    Date: 2013–04–29
  2. By: Isabel Mendes
    Abstract: This article approaches the values underpinning derelict mining rehabilitation plans, their assessment in monetary terms, and reviews the empirical studies literature on this theme. The paper correspondingly contains four main aims. The first involves putting into perspective the thematic content on the rehabilitation of derelict and depressed mining areas, transforming them into mining heritage tourism products designed to trigger sustainable regional development. The second aim, concerns defining the range of benefits and values potentially arising. The third seeks to demonstrate and discuss why and how the theoretical frameworks of Total Economic Value (TEV) and economic valuation, taken together with the contingent valuation approach, enable the monetary estimation of the range of non-market individual values, through eliciting the individual’s willingness to pay (WTP) for the rehabilitation. And the fourth objective incorporates reviewing the literature on empirical studies estimating the monetary values of mining rehabilitation plans through recourse to the Contingent Valuation (CV) approach. We proceed by demonstrating that TEV, the economic valuation concept and CV are approaches appropriate to estimating the aforementioned benefits; we defend their utility as important inputs to raising the efficiency of political decision making processes and ensure local populations actively comply and participate in the rehabilitation process. Finally, we conclude that the empirical studies hitherto applied for estimating the monetary values of mining rehabilitation and remediation through recourse to CV remain very few despite the fact that this estimation type is increasingly recognised as an important tool in decision making processes on the rehabilitation of industrial cultural heritage in general, and mining heritage in particular.
    Keywords: Mining, Rehabilitation, Benefits, Cultural Heritage, Tourism, Contingent Valuation
    JEL: R11 O29 L83 Q53 L72
    Date: 2013–03
  3. By: Sinha, Paramita; Cropper, Maureen L. (Resources for the Future)
    Abstract: We value climate amenities by estimating a discrete location choice model for households that changed metropolitan statistical areas (MSAs) between 1995 and 2000. The utility of each MSA depends on location-specific amenities, earnings opportunities, housing costs, and the cost of moving to the MSA from the household’s 1995 location. We use the estimated trade-off between wages and climate amenities to value changes in mean winter and summer temperatures. At median temperatures for 1970 to 2000, a 1°F increase in winter temperature is worth less than a 1° decrease in summer temperature; however, the reverse is true at winter temperatures below 25°F. These results imply an average welfare loss of 2.7 percent of household income in 2020 to 2050 under the B1 (climate-friendly) scenario from the special report on emissions scenarios (Intergovernmental Panel on Climate Change 2000), although some cities in the Northeast and Midwest benefit. Under the A2 (more extreme) scenario, households in 25 of 26 cities suffer an average welfare loss equal to 5 percent of income.
    Keywords: climate amenities, discrete choice models, migration, welfare impacts of temperature changes
    JEL: Q5 Q51
    Date: 2013–01–03
  4. By: Hiller, Norbert
    Abstract: Beside the specific object attributes, location is the fundamental determinant for real estate. But how important is location within a city? Contrary to popular belief our results suggest that this parameter explains only a small proportion of price variation, whereas object attributes are crucial. Location, location, location does not capture the essence of an apartment value. In a city it is only an explanation part which has relative little impact on price variations. Therefore, we suggest size, age, location as comprehensive determinants for local apartment prices. --
    Keywords: Amenities,Hedonic Method,Real Estate and Urban Economics,Factor Analysis,Relative Importance
    Date: 2013

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