Research Article
Volume 6 Issue 8 - 2021
Economic Valuation of Urban Parks Using Travel Cost Method: Study from Kathmandu and Rupandehi Nepal
Anita Gautam, Ram Asheshwar Mandal*, Ajay Bhakta Mathema and Kailash Timilsina
School of Environment Science and Management, Pokhara University, Nepal
*Corresponding Author: Ram Asheshwar Mandal, School of Environment Science and Management, Pokhara University, Nepal.
Received: May 17, 2021; Published: July 21, 2021




Abstract

Economic valuation of recreation provided by different national parks, zoos, urban park, lake etc. is important to understand the willingness to pay for ecotourism. However, such researches are very limited in Nepal. Thus this research was intended to assess the economic valuation of recreation using travel cost method; the income and employment trend of five years as well as the ecosystem services provided by both parks namely Manimukunda Park/Fulbari Park in Rupandehi district and Balaju Baisdhara Park in Kathmandu district. Total 35 visitors from each park were interviewed by administering close ended questionnaire. Two observations dated from September 11 to 15, 2020 at Fulbari Park and from September 25 to 29 at Balaju Park respectively were conducted to meet the objectives. Similarly, two focus group discussion on September 12 and 27, 2020 were done respectively in Fulbari and Balaju Park to collect the primary data. Total 20 each 10 key informants interview at each site also done to collect the data. Collected data were analyzed using economic analysis and The regression result showed, travel cost, monthly income, age, household size are as major variables that affects the frequency of visits in both parks. The Consumer surplus of Fulbari and Balaju parks was US$ 1.08 and 0.81 respectively. Matrix method showed that the cultural services of Fulbari park obtained the highest score with 103 while in Balaju park the highest score was acquired by ecological integrity having the 96. The average income of five years and benefit cost ratio of Fulbari park were $133492.96 and 1.43 similarly $129653.26 and 1.75 were the income and benefit ratio of Balaju park. The average expenditure of Fulbari and Balaju park were $92975.7 and $73937.6 respectively. The number of employment was decreasing in Balaju park while this was increasing in Fulbari Park. The travel cost method will be reliable practice to assess understand the income generation from small urban park.

 

Keywords: Urban Park, Economic Analysis, Travel Cost Method

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Citation: Ram Asheshwar Mandal., et al. “Economic Valuation of Urban Parks Using Travel Cost Method: Study from Kathmandu and Rupandehi Nepal”. EC Veterinary Science 6.8 (2021): 01-14.

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