000206862 001__ 206862
000206862 005__ 20180123001249.0
000206862 0247_ $$2Other$$aISSN 0331-278X
000206862 037__ $$a1623-2016-134903
000206862 037__ $$a1623-2016-134931
000206862 041__ $$aen
000206862 245__ $$aDemand for Ecotourism Recreation and Welfare Benefits in Obudu Cattle Ranch, Nigeria
000206862 260__ $$c2010-06-15
000206862 269__ $$a2010-06-15
000206862 270__ $$mlukeokojie@yahoo.com$$pOkojie,   Luke O.
000206862 271__ $$mvokoruwa@gmail.com$$pOkoruwa,   Victor O.
000206862 300__ $$a10
000206862 336__ $$aJournal Article
000206862 520__ $$aThis paper estimated the expected on-day site demand for recreation, the elasticity with respect to the recreation cost, income and welfare benefit tourists derive from recreation at the Obudu Cattle Ranch (OCR). On-site individual observation Travel Cost Method (TCM), count
data distribution, price and income elasticities of on-day site demand for recreation were the analytical tools adopted. In addition the Marshalian consumer surplus was used in estimating the welfare benefit the tourists derived from recreation in the ranch. The on-day site demand for recreation in the ranch was 3 days. The price elasticity of 18.44 implied the demand was elastic while income elasticity was 3.02. The recreation use benefit for a representative visitor for each day of visit was N380.00 which was N1,140 for a three days visit and N196,080 for the 172 sampled visitors Computing this for the 516 recreation days per year for the sample tourists, it was N101,177,280. These implied recreation in OCR is a luxurious environmental commodity
that can only benefit the elites and the affluent despite the great hidden economic value it holds to the society. Therefore, there is need for government to intervene through a subsidy regime and enhanced advertisement to attract indigenous and foreign tourists to the ranch.
000206862 542__ $$fLicense granted by Fatai Abiola Sowunmi (sisimulee@yahoo.com) on 2015-07-22T02:19:09Z (GMT):

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000206862 650__ $$aConsumer/Household Economics
000206862 650__ $$aDemand and Price Analysis
000206862 650__ $$aEnvironmental Economics and Policy
000206862 6531_ $$aRecreation use benefit
000206862 6531_ $$aTravel Cost Method
000206862 6531_ $$aEcotourists
000206862 6531_ $$aMarshalian Consumer
Surplus. On-day site recreation demand
000206862 700__ $$aOkojie, Luke O.
000206862 700__ $$aAdewuyi, Samuel A.
000206862 700__ $$aIjaola, A. A.
000206862 720__ $$aOkoruwa,   Victor O.$$eeditor
000206862 773__ $$d2010$$jVolume 19$$o70$$q61$$tJournal of Rural Economics and Development
000206862 8564_ $$s107190$$uhttp://ageconsearch.umn.edu/record/206862/files/Dr.%20Okojie.pdf
000206862 887__ $$ahttp://purl.umn.edu/206862
000206862 909CO $$ooai:ageconsearch.umn.edu:206862$$pGLOBAL_SET
000206862 912__ $$nSubmitted by Fatai Abiola Sowunmi (sisimulee@yahoo.com) on 2015-07-22T02:43:03Z
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  Previous issue date: 2010-06-15
000206862 982__ $$gJournal of Rural Economics and Development>Volume 19, 2010
000206862 980__ $$a1623