Erda Wang, Ling Zhao, Ying Zhou, Bertis B. Little
This paper analyses a large dataset based on empirical non-market valuation study results reported in the USA. The dataset is used to estimate a meta-regression model that is applied to predict the corresponding recreation activity values in China. The convergent validity of the meta-analytical international benefit transfer is tested against observed recreation activity values in China. In the process, a relative percentage error indicator, paired t-test and the Wilcoxon signed-rank test are used. The mean benefit transfer error is 18.74%, an acceptable value for international transfer.
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