C24

Single Equation Models; Single Variables: Truncated and Censored Models; Switching Regression Models

Recreation Demand and Optimal Pricing for International Visitors to Kruger National Park

Sustainable financing of conservation is a key challenge in developing countries, due to competing needs. Increasingly, national parks are expected to undertake local community development - at a time when the conservation mandate and threats to conservation have increased signicantly, while traditional transfers from the State have been declining. We demonstrate the potential of park pricing for generating funds for conservation and benefit sharing with adjacent local communities.

Pricing of National Park Visits in Kenya: The Case of Lake Nakuru National Park

This study analyses the factors influencing pricing of National Park visits in Kenya. A two step regression procedure is used to develop a pricing mechanism for Lake Nakuru National Park (LNNP). In the first stage, count data models are applied to estimate the Trip generating function to LNNP and in the second, the results from count data models are used to simulate visitation as price varied through an increase in the gate fee to LNNP. The simulated data is used to estimate the demand curves for LNNP.

The Impact of the Global Financial Crisis on Efficiency and Productivity of the Banking System in South Africa

South Africa‘s financial sector is believed to have weathered the contagion and catastrophic effects of the 2008 world wide financial crisis partly on account of a sound regulatory framework and solid macroeconomic policies. In this paper, we seek to measure efficiency and productivity changes during the period of the crisis through an analysis of bank performance over the period 2000 — 2010 using a two stage methodology framework.

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