Economic Evaluation of Road Improvements: A Tourism Perspective
Access status:
Open Access
Type
Working PaperAbstract
From a tourism perspective, shortcomings in the traditional evaluation procedures for road improvements include the valuation of traditional benefits without considering different values for tourism; the lack of valuation of “intangible” benefits; and treatment of other issues such ...
See moreFrom a tourism perspective, shortcomings in the traditional evaluation procedures for road improvements include the valuation of traditional benefits without considering different values for tourism; the lack of valuation of “intangible” benefits; and treatment of other issues such as peaking phenomenon, traffic generation, economic development benefits and benefits to international visitors. The tourism perspective coud be better taken into account in evaluation of road improvements by more research into valuation of tradional and intangible benefits, by adopting a strategic focus, and by conducting sensitivity analysis of key parameters.
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See moreFrom a tourism perspective, shortcomings in the traditional evaluation procedures for road improvements include the valuation of traditional benefits without considering different values for tourism; the lack of valuation of “intangible” benefits; and treatment of other issues such as peaking phenomenon, traffic generation, economic development benefits and benefits to international visitors. The tourism perspective coud be better taken into account in evaluation of road improvements by more research into valuation of tradional and intangible benefits, by adopting a strategic focus, and by conducting sensitivity analysis of key parameters.
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Date
1995-07-01Department, Discipline or Centre
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