Determinants of Participation and Intensity for Commercial-based Activities in Coastal Louisiana
Walter Keithly and
No 266552, 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida from Southern Agricultural Economics Association
This study investigates the determinants of participating commercial-based activities for a sample of wetland owners in coastal Louisiana. A double-hurdle model is used to accounts for both participation and the intensity of participation decisions. The empirical results suggest that variables such as age, participating in other commercial-based activities, hunting lodge/camp, active management, and land_type_one were found to significantly influence the participation decision while the variables education, land ownership, years of ownership, and total acreage of other type of land were found to significantly influence the intensity of participation. In addition, the variables total acreage of freshwater marsh and total acreage of brackish marsh were found to be significant in both decision equations. The information gathered from this study confirmed that decisions to participate in commercial-based activities and the intensity of participation are related to physical characteristics of the property and socioeconomic characteristics of the landowner.
Keywords: Land; Economics/Use (search for similar items in EconPapers)
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