Economic Valuation for Cultural and Passive Ecosystem Services Using a Stated Preference (Contingent Valuation Method (CVM)) Case of the Elgeyo Watershed Ecosystem, Kenya

Table 10

Biodiversity conservation as a function of socioeconomic parameters.

Source	SS	Df	MS	Number of Obs = 274
				F(9,264) = 3.80
Model	48020408.2	9	5335600.91	Prob > F = 0.0002
Residual	370262256	264	1402508.55	R-squared = 0.1148
Total	418282664	273	1532170.93	Adj. R-squared = 0.0846
				Root MSE = 1184.3
Sustainability	Coef.	Std. err.	T		Beta
Sex, male	261.38	174.13	1.50	0.135	0.11
Education	12.87	89.14	0.14	0.885	0.01
Period lived	10.35	6.96	1.49	0.138	0.15
Distance (km)	12.27	16.13	0.76	0.447	0.05
HH size	−13.56	31.06	−0.44	0.663	−0.03
Land size	6.43	12.80	0.50	0.616	0.04
TLU	62.77	24.23	2.59	0.010	0.18
Income	−.0010	0.0005	−2.19	0.030	−0.15
Age	−26.72	9.53	−2.80	0.005	−0.26
Cons	1637.77	406.78	4.03	0.000