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    <titleInfo>
        <title>The economic benefits of recreation in Canada</title>
    </titleInfo>
    <name type="personal">
        <namePart type="given">Patrick</namePart>
        <namePart type="family">Lloyd‐Smith</namePart>
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            <title>Canadian Journal of Economics/Revue canadienne d’économique, Volume 54, Issue 4</title>
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            <issuance>continuing</issuance>
            <publisher>Wiley</publisher>
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        <genre authority="marcgt">periodical</genre>
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    <abstract>Canadians spend approximately 2.2% of the country’s gross domestic product on outdoor recreation, but we do not yet know the economic benefits people receive from participating in these activities. I provide the first ever comprehensive assessment of the economic benefits of outdoor recreation in Canada. I use a nationally representative survey of recreational behaviour on over 24,000 Canadians to estimate a Kuhn–Tucker demand model that accounts for substitution between activities and satiation in demand. The results demonstrate that participation in outdoor recreation provides Canadians with $98 billion in annual economic benefits, which is well over twice as large as reported expenditures. I also reveal substantial heterogeneity in recreation benefits across activities and regions in Canada.</abstract>
    <identifier type="citekey">Lloyd‐Smith-2021-The</identifier>
    <identifier type="doi">10.1111/caje.12560</identifier>
    <location>
        <url>https://gwf-uwaterloo.github.io/gwf-publications/G21-4001</url>
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    <part>
        <date>2021</date>
        <detail type="volume"><number>54</number></detail>
        <detail type="issue"><number>4</number></detail>
        <extent unit="page">
            <start>1684</start>
            <end>1715</end>
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%0 Journal Article
%T The economic benefits of recreation in Canada
%A Lloyd‐Smith, Patrick
%J Canadian Journal of Economics/Revue canadienne d’économique, Volume 54, Issue 4
%D 2021
%V 54
%N 4
%I Wiley
%F Lloyd‐Smith-2021-The
%X Canadians spend approximately 2.2% of the country’s gross domestic product on outdoor recreation, but we do not yet know the economic benefits people receive from participating in these activities. I provide the first ever comprehensive assessment of the economic benefits of outdoor recreation in Canada. I use a nationally representative survey of recreational behaviour on over 24,000 Canadians to estimate a Kuhn–Tucker demand model that accounts for substitution between activities and satiation in demand. The results demonstrate that participation in outdoor recreation provides Canadians with $98 billion in annual economic benefits, which is well over twice as large as reported expenditures. I also reveal substantial heterogeneity in recreation benefits across activities and regions in Canada.
%R 10.1111/caje.12560
%U https://gwf-uwaterloo.github.io/gwf-publications/G21-4001
%U https://doi.org/10.1111/caje.12560
%P 1684-1715

Markdown (Informal)

[The economic benefits of recreation in Canada](https://gwf-uwaterloo.github.io/gwf-publications/G21-4001) (Lloyd‐Smith & Lloyd‐Smith, GWF 2021)

• The economic benefits of recreation in Canada (Lloyd‐Smith & Lloyd‐Smith, GWF 2021)

ACL

• Patrick Lloyd‐Smith and Patrick Lloyd‐Smith. 2021. The economic benefits of recreation in Canada. Canadian Journal of Economics/Revue canadienne d'économique, Volume 54, Issue 4, 54(4):1684–1715.