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Investor Presentaiton

3) Preliminary results (2) - ICMS-E and municipal protected areas (PA) for Y = Bo+B₁D+ B₂X+B4DX PA intercept =B0 slope= B₂+B4 Y = (B₁+B₁)+ (B₂+B4)*X with ICMS-E (D=1) slope B₂ Y = B₁+ B₁₂*X without ICMS-E (D=0) the interaction of ICMS-E with GDP/cap is positive → on average, richer states with ICMS-E have a significantly higher PA share than states without but poorer states don't intercept = B₁ + B₁ 0 GDP per capita HELMHOLTZ CENTRE FOR ENVIRONMENTAL RESEARCH - UFZ
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