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

Table 8

Cultural values as a function of socioeconomic parameters.

Source	SS	Df	MS	Number of Obs = 314
				F(9,304) = 5.10
Model	12782726.6	9	1420302.95	Prob > F = 0.0000
Residual	84630012.3	304	278388.20	R-squared = 0.13
Total	97412738.9	313	311222.81	Adj. R-squared = 0.11
				Root MSE = 527.63
Cultural/spiritual	Coef.	Std. err.	T		Beta
Sex, male	7.89	69.10	1.13	0.261	0.07
Education	84.68	36.93	2.29	0.023	0.13
Period lived	5.18	2.79	1.86	0.064	0.16
Distance (km)	−8.64	6.44	−1.34	0.181	−0.08
HH size	21.24	13.26	1.60	0.110	0.09
Land size	4.99	4.63	1.08	0.282	0.08
TLU	12.71	9.99	1.27	0.204	0.09
Income	0.000403	0.0001319	3.05	0.002	0.18
Age	−11.33	3.91	−2.90	0.004	−0.24
Cons	556.90	169.86	3.28	0.001