Table 7--Summary of findings from selected models of forestry Investment behavior 
Brooks de Steiguer Boyd (1984) Royer (1986a Royer (1986b Hyberg (1986) 
(1985) (1985) unpubl.) unpubl.) 
Depend- Total Non Investment Probability of Probability of Probability of 
ent vari- acres cost-shared robability reforestation reforestation reforestation 
able planted investment (timber stand 
improvement 
and reforesta- 
tion) 
Indepen- 
dent 
variables 3 4 8 8 9 12 
Owner/Ownership (YES = STATISTICALLY SIGNIFICANT AT SPECIFIED LEVEL) 
Income NA +/yes */no +/yes +/yes +/no 
ark wee ae 
Size of NA NA +/yes +/no +/no +/yes 
holding see xe 
MARKET 
Stumpage +/no +/no +/yes +/yes +/yes +/yes 
price wee ue at * 
Planting -/yes NA NA -/yes -/yes -/yes 
costs ake rank * nae 
Interest NA -/yes NA NA NA NA 
rates oe 
Technical 
assis- 
tance NA NA +/yes +/yes +/yes +/no 
(private) nit kkk nit 
POLICY 
Technical 
assis- 
tance NA NA +/yes +/yes +/yes -/no 
(public) wit kit tke 
Cost- +/yes -/no +/yes +/yes +/yes +/yes 
sharing rank ake rik ak at 
Tax 
credit/ 
amortiza- NA NA NA NA +/yes NA 
tion iafichal 
R-square 
or % 
correctly 
predicted 0.90 0.94 0.87 0.89 0.82 0.72 
*** = 0.05 level, ** = 0.10 level, * = 0.20 level. 
82 
