The Economic Impact and Valuation of Florida's Saltwater Beaches- Some Preliminary Findings on Resident and Tourist Beach Users
Bell, Frederick W.
Leeworthy, Vernon R.
"The Economic Impact and Valuation of Florida's Saltwater Beaches- Some Preliminary Findings on Resident and Tourist Beach Users" presents estimates of resident and tourist beach users' economic impact in terms of sales, employment, wages and state tax revenues generated in Florida. Annual estimates are provided for residents while only one-half a years impact is estimated for tourists. Also included are estimates of the benefits received by residents and tourists visiting Florida's saltwater beaches and these flows are translated into estimates of the present asset value of Florida's saltwater beaches. With the use of a hypothetical beach, it is also shown how estimates of beach values can be utilized in evaluating the economic feasibility of beach renourishment and erosion control.