Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods

Hayatu Mude; Abebe Belachew; Mekonnen Bersisa

doi:doi:10.11648/j.ajere.20200503.13

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Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods

Hayatu Mude, Abebe Belachew, Mekonnen Bersisa

Published in American Journal of Environmental and Resource Economics (Volume 5, Issue 3)

Received: 21 March 2019 Accepted: 15 January 2020 Published: 10 September 2020

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Abstract

The main purpose of this study is to estimate the total economic value of Tiya megalithic world cultural heritage site using non-market valuation methods of Travel Cost Method (TCM) and Contingent Valuation Method (CVM). The study uses Individual Travel Cost Method to estimate the use value and the Double Bounded Contingent Valuation Method to investigate the mean Willingness to Pay for the nonuse value of the Tiya MWCH site. The truncated Poisson regression method (TPRM) was employed to derive the demand function for the use value of Tiya MWCH site and the bivariate probit model were used to estimate the nonuse value of Tiya MWCH site. The regression result showed that travel cost, monthly income, total travel time, sex, family size, household head, purpose of visit, membership in any environmental group and knowledge are important determinants of the recreational demand of the site. The result of the study also showed that the potential annual use value of the Tiya MWCH site was estimated to be 9,615,508.00 ETB per year and the nonuse value (one time contribution of community residents of Tiya town) of the site is 64,494.20 ETB. Finally, we recommend that to maintenances and maximize the benefits that can be derived from the Tiya MWCH site.

Published in	American Journal of Environmental and Resource Economics (Volume 5, Issue 3)
DOI	10.11648/j.ajere.20200503.13
Page(s)	59-70
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Non-market Valuation, Cultural Heritage, Tiya Megalithic Site, Contingent Valuation Method, Individual Travel Cost Method

References

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[7]	P. Breve et al., “Report of the NOAA panel on Contingent Valuation Report of the NOAA Panel on Contingent Valuation Kenneth Arrow Robert Solow Paul R. Portney Howard Schuman,” no. October 1999, pp. 11–30, 2017, doi: 10.13043/DYS.79.6.
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[13]	A. Alberini, B. Kanninen, and R. T. Carson, “Modeling response incentive effects in dichotomous choice contingent valuation data,” Land Econ., vol. 73, no. 3, pp. 309–324, 1997, doi: 10.2307/3147170.
[14]	M. Hanemann, J. Loomis, and B. Kanninen, “Statistical Efficiency of Double-Bounded Dichotomous Choice Contingent Valuation,” Am. J. Agric. Econ., vol. 73, no. 4, pp. 1255–1263, 1991, doi: 10.2307/1242453.
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APA Style

Hayatu Mude, Abebe Belachew, Mekonnen Bersisa. (2020). Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. American Journal of Environmental and Resource Economics, 5(3), 59-70. https://doi.org/10.11648/j.ajere.20200503.13

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ACS Style

Hayatu Mude; Abebe Belachew; Mekonnen Bersisa. Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. Am. J. Environ. Resour. Econ. 2020, 5(3), 59-70. doi: 10.11648/j.ajere.20200503.13

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AMA Style

Hayatu Mude, Abebe Belachew, Mekonnen Bersisa. Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. Am J Environ Resour Econ. 2020;5(3):59-70. doi: 10.11648/j.ajere.20200503.13

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@article{10.11648/j.ajere.20200503.13,
  author = {Hayatu Mude and Abebe Belachew and Mekonnen Bersisa},
  title = {Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods},
  journal = {American Journal of Environmental and Resource Economics},
  volume = {5},
  number = {3},
  pages = {59-70},
  doi = {10.11648/j.ajere.20200503.13},
  url = {https://doi.org/10.11648/j.ajere.20200503.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajere.20200503.13},
  abstract = {The main purpose of this study is to estimate the total economic value of Tiya megalithic world cultural heritage site using non-market valuation methods of Travel Cost Method (TCM) and Contingent Valuation Method (CVM). The study uses Individual Travel Cost Method to estimate the use value and the Double Bounded Contingent Valuation Method to investigate the mean Willingness to Pay for the nonuse value of the Tiya MWCH site. The truncated Poisson regression method (TPRM) was employed to derive the demand function for the use value of Tiya MWCH site and the bivariate probit model were used to estimate the nonuse value of Tiya MWCH site. The regression result showed that travel cost, monthly income, total travel time, sex, family size, household head, purpose of visit, membership in any environmental group and knowledge are important determinants of the recreational demand of the site. The result of the study also showed that the potential annual use value of the Tiya MWCH site was estimated to be 9,615,508.00 ETB per year and the nonuse value (one time contribution of community residents of Tiya town) of the site is 64,494.20 ETB. Finally, we recommend that to maintenances and maximize the benefits that can be derived from the Tiya MWCH site.},
 year = {2020}
}

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TY  - JOUR
T1  - Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods
AU  - Hayatu Mude
AU  - Abebe Belachew
AU  - Mekonnen Bersisa
Y1  - 2020/09/10
PY  - 2020
N1  - https://doi.org/10.11648/j.ajere.20200503.13
DO  - 10.11648/j.ajere.20200503.13
T2  - American Journal of Environmental and Resource Economics
JF  - American Journal of Environmental and Resource Economics
JO  - American Journal of Environmental and Resource Economics
SP  - 59
EP  - 70
PB  - Science Publishing Group
SN  - 2578-787X
UR  - https://doi.org/10.11648/j.ajere.20200503.13
AB  - The main purpose of this study is to estimate the total economic value of Tiya megalithic world cultural heritage site using non-market valuation methods of Travel Cost Method (TCM) and Contingent Valuation Method (CVM). The study uses Individual Travel Cost Method to estimate the use value and the Double Bounded Contingent Valuation Method to investigate the mean Willingness to Pay for the nonuse value of the Tiya MWCH site. The truncated Poisson regression method (TPRM) was employed to derive the demand function for the use value of Tiya MWCH site and the bivariate probit model were used to estimate the nonuse value of Tiya MWCH site. The regression result showed that travel cost, monthly income, total travel time, sex, family size, household head, purpose of visit, membership in any environmental group and knowledge are important determinants of the recreational demand of the site. The result of the study also showed that the potential annual use value of the Tiya MWCH site was estimated to be 9,615,508.00 ETB per year and the nonuse value (one time contribution of community residents of Tiya town) of the site is 64,494.20 ETB. Finally, we recommend that to maintenances and maximize the benefits that can be derived from the Tiya MWCH site.
VL  - 5
IS  - 3
ER  -

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Author Information

Hayatu Mude

Department of Economics, Wolkite University, Wolkite, Ethiopia
Abebe Belachew

Economic, Social and M&E Consultant, Wolkite, Ethiopia
Mekonnen Bersisa

Department of Economics, Addis Ababa University, Addis Ababa, Ethiopia

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APA Style

Hayatu Mude, Abebe Belachew, Mekonnen Bersisa. (2020). Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. American Journal of Environmental and Resource Economics, 5(3), 59-70. https://doi.org/10.11648/j.ajere.20200503.13

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ACS Style

Hayatu Mude; Abebe Belachew; Mekonnen Bersisa. Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. Am. J. Environ. Resour. Econ. 2020, 5(3), 59-70. doi: 10.11648/j.ajere.20200503.13

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AMA Style

Hayatu Mude, Abebe Belachew, Mekonnen Bersisa. Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods. Am J Environ Resour Econ. 2020;5(3):59-70. doi: 10.11648/j.ajere.20200503.13

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@article{10.11648/j.ajere.20200503.13,
  author = {Hayatu Mude and Abebe Belachew and Mekonnen Bersisa},
  title = {Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods},
  journal = {American Journal of Environmental and Resource Economics},
  volume = {5},
  number = {3},
  pages = {59-70},
  doi = {10.11648/j.ajere.20200503.13},
  url = {https://doi.org/10.11648/j.ajere.20200503.13},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajere.20200503.13},
  abstract = {The main purpose of this study is to estimate the total economic value of Tiya megalithic world cultural heritage site using non-market valuation methods of Travel Cost Method (TCM) and Contingent Valuation Method (CVM). The study uses Individual Travel Cost Method to estimate the use value and the Double Bounded Contingent Valuation Method to investigate the mean Willingness to Pay for the nonuse value of the Tiya MWCH site. The truncated Poisson regression method (TPRM) was employed to derive the demand function for the use value of Tiya MWCH site and the bivariate probit model were used to estimate the nonuse value of Tiya MWCH site. The regression result showed that travel cost, monthly income, total travel time, sex, family size, household head, purpose of visit, membership in any environmental group and knowledge are important determinants of the recreational demand of the site. The result of the study also showed that the potential annual use value of the Tiya MWCH site was estimated to be 9,615,508.00 ETB per year and the nonuse value (one time contribution of community residents of Tiya town) of the site is 64,494.20 ETB. Finally, we recommend that to maintenances and maximize the benefits that can be derived from the Tiya MWCH site.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Non-market Valuation of Tiya Megalithic World Cultural Heritage of Ethiopia, Application of Travel Cost and Contingent Valuation Methods
AU  - Hayatu Mude
AU  - Abebe Belachew
AU  - Mekonnen Bersisa
Y1  - 2020/09/10
PY  - 2020
N1  - https://doi.org/10.11648/j.ajere.20200503.13
DO  - 10.11648/j.ajere.20200503.13
T2  - American Journal of Environmental and Resource Economics
JF  - American Journal of Environmental and Resource Economics
JO  - American Journal of Environmental and Resource Economics
SP  - 59
EP  - 70
PB  - Science Publishing Group
SN  - 2578-787X
UR  - https://doi.org/10.11648/j.ajere.20200503.13
AB  - The main purpose of this study is to estimate the total economic value of Tiya megalithic world cultural heritage site using non-market valuation methods of Travel Cost Method (TCM) and Contingent Valuation Method (CVM). The study uses Individual Travel Cost Method to estimate the use value and the Double Bounded Contingent Valuation Method to investigate the mean Willingness to Pay for the nonuse value of the Tiya MWCH site. The truncated Poisson regression method (TPRM) was employed to derive the demand function for the use value of Tiya MWCH site and the bivariate probit model were used to estimate the nonuse value of Tiya MWCH site. The regression result showed that travel cost, monthly income, total travel time, sex, family size, household head, purpose of visit, membership in any environmental group and knowledge are important determinants of the recreational demand of the site. The result of the study also showed that the potential annual use value of the Tiya MWCH site was estimated to be 9,615,508.00 ETB per year and the nonuse value (one time contribution of community residents of Tiya town) of the site is 64,494.20 ETB. Finally, we recommend that to maintenances and maximize the benefits that can be derived from the Tiya MWCH site.
VL  - 5
IS  - 3
ER  -

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