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Table 8 Parameter estimates for testing the validity of the selection instrument

From: Farmers’ risk attitude, agricultural technology adoption and impacts in Eastern India

Variables

Mechanization (= 1 if adopted more than 2 machines and = 0 if adopted none) (M1)

Log of rice productivity of those who did not adopt mechanization (quintals per acre) (M2)

RISK_PREF_BIN

0.326*** (0.086)

− 0.011 (0.139)

Constant

− 0.322*** (0.212)

1.325*** (0.439)

Wald test on risky farmers

X2 = 139.92***

F-stat. = 3.07***

Observations (N)

1039

74

  1. M1: probit model; M2: ordinary least squares; standard errors in parentheses; ***p < 0.01, **p < 0.05, *p < 0.1. Parameters for all the other variables are not reported here. The full table is available on request
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Agriculture & Food Security

ISSN: 2048-7010