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

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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[2] K. Perera, “The Role of Museums in Cultural and Heritage Tourism for Sustainable Economy in Developing Countries Kamani,” Anim. Genet., vol. 39, no. 5, pp. 561–563, 2008.
[3] S. Akhter, T. S. Yew, and F. P. Studies, “GREENER JOURNAL OF ECONOMICS AND ACCOUNTANCY Tourists ’ Willingness to Pay for Marine Resource Conservation at Pulau Perhentian Marine Park, Malaysia,” no. 2010, pp. 2354–2357, 2018.
[4] E. Avrami and R. Mason, “Heritage Values and Challenges of Conservation Planning,” Management Planning for Archaeologial Sites. pp. 13–26, 2000.
[5] S. Navrud, “Valuing cultural heritage - Lessons learned,” WIT Trans. Built Environ., vol. 83, pp. 95–100, 2005.
[6] P. Wu and I. Introduction, “Design of an Efficient and Complete Elicitation Decision Process in Contingent Valuation Method : Benefit Evaluation of Kengting National Park in Taiwan Ming-Ta Su II. Theoretical Framework of Benefit Evaluation for National Park 2. 1 Willingness to Pay for the Resources of the Park,” pp. 1–21, 1996.
[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.
[8] A. Singh and M. Masuku, “Sampling Techniques & Determination of Sample Size in Applied Statistics Research: an Overview,” Ijecm. Co. Uk, vol. II, no. 11, pp. 1–22, 2014.
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[10] T. Haab and K. McConnell, “Valuing Environmental and Natural Resources. The Econometrics of Non-Market Valuation. New Horizons in Environmental Economics, Wallace E. Oats and Henk Folmer (Ed. s). Edward Elgar Publishing limited.,” pp. 1–21, 2002, doi: 10.4337/9781843765431.
[11] C. Cameron and P. Trivedi, “Regression Analysis of Count Data (Econometric Society Monographs),” no. 30, pp. 96–137, 1998, doi: 10.1017/CCOL0521632013.
[12] H. Bakhshi, D. Fujiwara, R. Lawton, S. Mourato, and P. Dolan, “Measuring Economic Value in Cultural Institutions A report commissioned by the Arts and Humanities Research Council’s Cultural Value Project,” p. 104, 2015.
[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.
[15] R. C. Mitchell, “Using Surveys to Value Public Goods,” Using Surv. to Value Public Goods, pp. 7–9, 2013, doi: 10.4324/9781315060569.
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Cite This Article
  • 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
  • Department of Economics, Wolkite University, Wolkite, Ethiopia

  • Economic, Social and M&E Consultant, Wolkite, Ethiopia

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

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