Table A2.
Endogeneity Test.
| Variable | Total farm income | Farm income per output |
|---|---|---|
| NAFCO | 0.805∗∗∗ (0.084) | 0.834∗∗∗(0.086) |
| Ln(age) | -0.621∗ (0.276) | -0.808∗∗∗ (0.283) |
| Mar | 0.094 (0.188) | 0.121 (0.192) |
| Gen | 0.122 (0.254) | 0.013 (0.260) |
| Edu | 0.145∗ (0.080) | 0.138∗ (0.082) |
| HS | 0.090∗∗∗ (0.032) | -0.078∗∗ (0.033) |
| Residual | 1.624 (1.319) | 1.864 (1.351) |
| Constant | 7.061∗∗∗ (0.729) | 7.034∗∗∗ (0.747) |
| F-stat | 18.30∗∗∗ | 23.76∗∗∗ |
| R-square | 0.253 | 0.306 |
| RMSE | 0.813 | 0.832 |
| Obs. | 386 | 386 |
Notes∗∗∗, ∗∗, ∗; are values statistically significant at 0.01, 0.05, and 0.1 levels, respectively. The standard errors are in parentheses. Note that the residual is not significant, indicating that endogeneity is not a problem.