APPROACH TO THE ECONOMIC VALUE GENERATED IN THE NATURAL PARKS OF CORDOBA (SPAIN)

Abstract

The economic valuation of the protected natural parks contributes to a holistic approach of the economy, from the market to the ecological and social perspective, aiming at a sustainable management of the natural heritage as well as reducing its deterioration. It also provides valuable information to policy makers for the protection and conservation of the natural environment. To estimate the recreational use value of the natural parks we applied a revealed preference method and a declared preference method. The results are consistent with previous studies on these types of protected areas.