Estimating The Economic Activity and Value from Public Parks and Outdoor Recreation Areas in California

Authors

  • John B. Loomis

Keywords:

Economic benefits, willingness to pay, visitor expenditures.

Abstract

This study compares traditional measures of the economic importanceofparks and recreation, such as visitor expenditures, with the direct economic benefits received by the participants. Visitor spending at parks and recreation areas in California supports 238,500 jobs and contributes $4.5 billion in personal income to Californians. Participant benefits are quantified in the form of net willingness to pay. Direct benefits to participants from camping and water sports are shown to be two to three times their actual expenditures. These direct benefits provide a more correct picture of the overall contribution of recreation to society. The average rate of return on investments in recreation facilities and programs is also estimated.?

Published

1989-04-04

Issue

Section

Regular Papers