Release Time:2019-03-10  Hits:

Indexed by: Journal Article

Date of Publication: 2013-04-01

Journal: TOURISM ECONOMICS

Included Journals: Scopus、SCIE、SSCI

Volume: 19

Issue: 2

Page Number: 415-432

ISSN: 1354-8166

Key Words: international benefit transfer; meta-regression analysis; validity test; recreation activity valuation

Abstract: This paper analyses a large dataset based on empirical non-market valuation study results reported in the USA. The dataset is used to estimate a meta-regression model. that is applied to predict the corresponding recreation activity values in China. The convergent validity of the meta-analytical international benefit transfer is tested against observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test and the Wilcoxon signed-rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer.