The Economic Value of Sangiran Museum, Central Java, Indonesia Application of Travel Cost Method

Raharjo, Mugi and Gravitiani, Evi (2012) The Economic Value of Sangiran Museum, Central Java, Indonesia Application of Travel Cost Method. International Journal on Social Science Economics & Art, 2 (2). pp. 39-43. ISSN 2088-5342

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    Abstract

    This research is an application travel cost method (TCM) at Sangiran Museum which aims to estimate the total value of benefit for visitors Sangiran Museum, willingness to pay (WTP) visitors to the activities of the addition of new facilities at the Sangiran Museum and analysed factors that affect the significant impact on the level of visits per 1000 population per year to the Sangiran Museum. This sample size was 180 people, the election is done by way of probability sampling. The results of this study indicate that the total value of benefits at Sangiran Museum admission fee is equal to zero for Rp. 728,013,743.7 (USD 80,890.42), while the total value of benefits per year, Sangiran Museum in admission rates applicable to Rp. 300,- (USD 0.03) to Rp. 532,788,743.7,- (USD 59,198.75). Magnitude average maximum willingness to pay (WTP) of visitors to the activities of the addition of new facilities at the Sangiran Museum is Rp. 11,102.63 (USD 1.23). Form of empirical model functions best in this study is the log-log form. The results of regression analysis showed that the variable cost of travel (LnTC), education (LnEDC), income (LnNC), distance (LnDIS) and age (LnAGE) significantly affect the level of significance level of 5% of visits per 1000 population per annum (LnV) the Sangiran Museum. Keywords— Travel cost method; total benefits; willingness to pay; Sangiran Museum.

    Item Type: Article
    Subjects: H Social Sciences > HB Economic Theory
    Divisions: Fakultas Ilmu Sosial dan Ilmu Politik > Sosiologi
    Depositing User: mr azis r
    Date Deposited: 24 May 2013 20:54
    Last Modified: 24 May 2013 20:54
    URI: https://eprints.uns.ac.id/id/eprint/889

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