Abstract
The development of the belt and road region leads cities to significantly increase the amount of public expenditure on the new construction of facilities and infrastructure. Mass construction not only relies on many environmental resources, but might also destroy the local natural environment. In order to reveal the importance of the natural environment, this study explores the economic value of the natural landscape for sport tourism in Taiwan. While the concept of total economic value (TEV) is applied to the Sun–Moon Lake Swimming Carnival Event, the travel cost method (TCM) is adopted to estimate the use value for participants, and the double-bounded dichotomous contingent valuation method (CVM) and survival analysis are performed to evaluate the non-use value for the residents. The use value is on average NT$ 5668 for one participant. The median willingness to pay for the option value, existence value and bequest value of every resident is NT$433, NT$411 and NT$274, respectively.
Highlights
The Belt and Road development project is being carried out in joined countries to enhance complementarities and development synergies and to promote the common progress of the participating countries through closer international cooperation
The main purpose of this study is to try to construct a conceptional framework of the total economic value (TEV) for the Sun–Moon Lake Swimming Carnival Event in Taiwan
The bequest value is generally used to describe the change in an environmental parameter that results from the swimming event at Sun–Moon Lake, which is consistent with the TEV framework
Summary
The Belt and Road development project is being carried out in joined countries to enhance complementarities and development synergies and to promote the common progress of the participating countries through closer international cooperation. Sun–Moon Lake is one of the most famous natural tourist attractions in central Taiwan and the Swimming Carnival Event has been hosted annually in Sun–Moon Lake since 1983. This event was certified as the biggest swimming activity by the International Olympic Committee in 1995 and was listed in the International Swimming Hall of Fame Headlines in 2002. A sport event is one kind of tourism product and generates an image for the destination to attract sport tourists to visit the event [1] Both the landscape of natural resources or the sporting event possess the characteristics of a public good. The Swimming Carnival Event across Sun–Moon Lake provides externalities for economic effects
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