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Full-Text Articles in Natural Resource Economics
An Economic Valuation Analysis Of Buccoo Reef Marine Park, Tobago, West Indies, Dionne J. Da Costa
An Economic Valuation Analysis Of Buccoo Reef Marine Park, Tobago, West Indies, Dionne J. Da Costa
FIU Electronic Theses and Dissertations
The purpose of this study was to evaluate tourism capacity, the effectiveness of the management plan and the visitors’ willingness to pay (WTP) for increased conservation effort in the Buccoo Reef Marine Park (BRMP) in Tobago. Non-market contingent valuation was applied to estimate tourists’ WTP, using the data from a survey of 164 tourists. Local residents and government agencies were consulted to evaluate the management plan and the tourism capacity. Eighty-eight percent of local residents stated that the park was not well managed and that they lacked trust in the park agency. The density of tourists was 67-97% more than …