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
