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Financial vs economic table & linking impact to valuation technique of Namadgi National Park

Financial vs economic table & linking impact to valuation technique of Namadgi National Park

Financial vs economic impacts ofNamadgi National Park

Impact Financial (money) Economic (real) Cost Labor

Land

Search and rescue service

Conserving the Natural

Environment

Conserving cultural

Heritage

Planning – controlling development

Planning – policies and communities

Recreation management and transport

Animal Welfare

Standards

Wages

Market price

Market price

Market price

Market price

Market price

Market price

Market price

Market price Time lost

Time lost

Cost effective solution

Time lost

Time lost

Time lost

Time lost

Cost effective solution

Benefits

Souvenir shop Market price Social profits

Honeysuckle Campground Market price Social profits

Water suppliesMarket priceSocial profits

Trees and Forests Market priceSocial profits

Biodiversity resourcesMarket price Social profits

Provision of recreational opportunitiesMarket priceSocial profits

Tourism expenditures Market price Social profitsCost-Benefit Analysis of the Namadgi National Park

(1991-2010)

Net Present Values in 1991. $ million

Definition Valuation Present Value

Benefits Souvenir shop Passengers can buy some souvenirs everyday The souvenirs value are average 5 dollars , 30 passengers per day . 300

Water supplies Less time spent in flight waiting for a landing slot: minutes per plane times annual landings. This cost 11 millions from 1991 to 18 millions 2010. 220

Forests and Trees

They can supply fresh air, andProtect the soil This is economic value, it can provide much value than the money provide. Biodiversity resources

Research can make a new achievement and profits Social value Provision of recreational opportunities People can do some sports here e.g. bushwalk, fishing, ridebikes. This is all for humans’ health value Costs Land Maintenance costs of land It will cost 450 millions per year for maintenance 520

Labor They can Labor fees is 420 millions per years 500

Increased aircraft movements * Prevention of animal diseases

It can make the animals safe and health. It will cost 220 millions per year 430

Search and rescue service

Recreation management and transport

This service is that when passengers miss the way or get some trouble,somebody will find you and take you to a safe place.

Some event or functions held, and need some people management or bus to pick up

This will cost 48millions per year in national areas

Time lost 443

Net benefit

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