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Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 4 Seemingly unrelated bivariate probit model estimated results.

From: The economic valuation of Gedo Natural Forest conservation benefits, Ethiopia

Variables

Coefficients

Std. dev.

Z-value

First bid answer

 First bid

0.0771492***

0.0095743

− 8.06

 Constant

1.926507***

0.2134967

9.02

Final bid answer

 Final bid

− 0.0624618***

0.0048056

− 13.00

 Constant

1.881201***

0.1312948

14.33

Rho

0.79

0.0860537

 
  1. No. of sample = 342; Wald χ2 (2) = 224.60; log-likelihood = -355.24642; Prob >  χ2 = 0. 000; likelihood-ratio test of rho = 0: χ2 (1) = 25.2393; Prob > χ2 = 0.0000
  2. ***1% significance level
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