Agro-Biodiversity in Nexus to Economic Welfare of Households in Haramaya District, Ethiopia
Keywords:
Multinomial Probit, Agro-biodiversity, Economic Welfare, Haramaya DistrictAbstract
Though enormous researchers conducted their study on biodiversity and agrobiodiversity at the international and national levels, they found significant differences in their results. Thus, this paper aimed to identify the link between agro-biodiversity and the economic welfare of households in Haramaya district. Data for this study were collected from primary and secondary sources. Primary data were collected from 189 randomly selected sample households, and secondary data were obtained from various sources. The data were analyzed using the multinomial probit model. The econometrics results of this paper also pointed out that out of the 12 independent variables incorporated in the multinomial probit model method of estimation, the number of independent variables, age of household, educational level of household, active labor size, access to credit, access to extension service, access to information, live stock
holding, and access to irrigation were found to affect the link between the agro-biodiversity and economic welfare of households in Haramaya district. Inaddition, this paper identifies the link between agro-biodiversity and economic welfare of households in Haramaya district only. Thus, it further calls-up other researchers and academicians to made further study on the link between agro-biodiversity and economic welfare as a whole nation, Africa, and other continents. .