Friday, July 1, 2016

Working Papers of the Week: July 1, 2016

Welcome to Working Papers of the Week! In this new RAO Blog feature, we’ll be posting information about the working papers posted to our site over the past week. Our goal is to highlight the valuable and interesting research Kennedy School faculty members are doing here and abroad.

This week in working papers:

Total Economic Valuation of the National Park Service Lands and Programs: Results of a Survey of The American Public
Haefele, Michelle, John Loomis, and Linda J. Bilmes

Introduction: "This paper presents the first-ever comprehensive estimate of the total economic value of the National Parks Service. The estimate covers administered lands, waters, and historic sites as well as NPS programs, which include protection of natural landmarks and historic sites, partnerships with local communities, recreational activities and educational programs. Our estimate of the total economic value to the American public is $92 billion. Two-thirds of this total ($62 billion) is for National Park lands, waters and historic sites; the remaining $30 billion is attributed to NPS Programs. The estimate, which is based on very conservative assumptions, includes not only the value attributed by visitors to the parks, but also a significant “non-use” or “existence” value. This is the value derived by the public from simply knowing that NPS assets are protected for current and future generations, regardless of whether or not they actually choose to visit."

To read the full working paper, click here.

For more information on the background of this important study, view its coverage in the HKS News and HKS Magazine.

Don’t miss out on our faculty’s other recent working papers! Browse our latest faculty working papers by number or follow RAO on Twitter at @HKS_Research to stay in the loop.