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

Table 9

Bequest values as a function of socioeconomic parameters.

Source	SS	Df	MS	Number of Obs = 314
				F(9,304) = 4.70
Model	30159486.6	9	3351054.07	Prob > F = 0.0000
Residual	216780927	304	713095.156	R-squared = 0.1221
Total	246940414	313	788947.01	Adj. R-squared = 0.0961
				Root MSE = 844.45
Bequest	Coef.	Std. err.	T		Beta
Sex, male	249.00	110.60	2.25	0.025	0.14
Education	99.76	59.10	1.69	0.092	0.10
Period lived	4.65	4.46	1.04	0.298	0.09
Distance (km)	5815725.00	10.31	0.06	0.955	0.00
HH size	18.86	21.21	0.89	0.375	0.05
Land size	7.93	7.40	1.07	0.285	0.08
TLU	34.87	15.98	2.18	0.030	0.16
Income	−0.00005	0.0002	−0.23	0.818	−0.01
Age	−16.76	6.26	−2.68	0.008	−0.22
Cons	823.56	271.85	3.03	0.003