Abstract
This study aims to indicate the possibility of environmental economic valuation by the travel cost method which can measure only the use value, from the viewpoint of correlation between each value of environmental resources; use value, option value, bequest value, vicarious value and existence value. Andit shows the percentage of environmental economic value that can be explained by its use value. The resultindicates that, firstly, there are significant correlations between each value of environmental resources, so the value is not independent of each other. Secondly, the use value can explain 80. 17% of option value, 57. 79% of bequest value, 76.60% of vicarious value, 36. 71% of existence value and 78.98% of total value, so it is shown that the considerable part of environmental economic value can be explained by its use value and be measured by the travel cost method.
