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This is a Quantitative Study study.

Households’ Willingness to Pay for the Conservation of Debre-Libanos Monastery Forests, North Shewa Zone, Ethiopia: Evidence from a Contingent Valuation Method

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Analysis of households' willingness to pay for Debre-Libanos forest conservation indicates economic value, suggesting policy implications.

Average household willingness to pay for forest conservation is 33.52 Ethiopian Birr per year, indicating strong local value.
Factors like education, income, and training positively influence the maximum willingness to pay amount for conservation.
Utilizing Tobit regression and bivariate probit models, primary data from 215 households were analyzed to identify key influencing factors.
Highlights the necessity for awareness and income-enhancing measures to support sustainable community participation in forest conservation efforts.

Tadele Anagaw Zewdu (2025) studied this question.

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Analysis of households' willingness to pay for Debre-Libanos forest conservation indicates economic value, suggesting policy implications.