The full text of this article
Monetary valuation as a tool for planning and managing ecotourism
by Brian Garrod
International Journal of Sustainable Development (IJSD), Vol. 5, No. 3, 2002
Abstract: While the techniques of monetary valuation are firmly grounded in economic theory and have a substantial record of practical application, planners and managers of ecotourism have not embraced them with particular enthusiasm. The explanation offered in this paper has two main strands. On the demand side, those involved in planning and managing ecotourism have, for a number of reasons, tended to be wary of monetary valuation. Consequently, most of the monetary valuation studies that have been commissioned and subsequently undertaken have tended to be overly conservative in their aims and scope. On the supply side, meanwhile, economists have too often failed to explain how the results of such studies could be used to promote the objectives of ecotourism. Planners and managers of ecotourism have therefore remained largely unconvinced of the practicality of monetary valuation. Arguably, however, there is a considerable latent potential for the application of monetary valuation techniques in the ecotourism context. This paper attempts to demonstrate this potential by identifying and illustrating a number of practical uses for monetary valuation in the context of planning and managing ecotourism.
Online publication date: Tue, 23-Dec-2003
is only available to individual subscribers or to users at subscribing institutions.
Go to Inderscience Online Journals to access the Full Text of this article.
Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.
Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Sustainable Development (IJSD):
Login with your Inderscience username and password:
Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable).
See our Orders page to subscribe.
If you still need assistance, please email email@example.com