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A Systems View Across Time and Space

Table 6 Determinants of willingness to pay results from the Tobit model.

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

Variables

Coefficients

Standard error

t-values

Education (class year)

0.0471356

0.1404949

0.34

Family size (adult equivalent)

− 0.3139676*

0.184538

− 1.70

TLU

1.627725***

0.353129

4.61

Farm size (timad, 0.25 ha)

− 0.1828531

0.16715

− 1.09

Distance from the forest (hour)

− 1.064053

0.8050482

− 1.32

Annual income (birr)

2.904969***

0.193832

14.99

Age (year)

− 0.0952768**

0.0433755

−  2.20

Sex (1 = male)

0.3244216

1.313321

0.25

Satisfaction level (1 = yes)

− 0.2988719

1.342397

− 0.22

Credit utilization (birr)

4.699895***

1.196844

3.93

Awareness created (1 = yes)

2.105355

1.711143

1.23

Initial bid (birr)

− 0.0953039*

0.05578

− 1.71

Constant

5.191545

3.531435

1.47

  1. No. of observation: 342; log-likelihood = − 1092.3212; F (12, 330) = 71.29; Pro > F = 0.000; pseudo-R2 = 0.1773; lower threshold = 0.0000 upper threshold = + infinity
  2. ***, **, *1%, 5% and 10% significance level, respectively