TABLE A2

Determinants of Renting-In Land (Panel Evidence)

Probit Modela Pooled PanelLinear Probability Fixed Effects Model
Farming ability0.055*** (2.88)
Log of adult equivalents0.069*** (4.26)0.069*** (4.18)0.062*** (3.36)0.062*** (3.36)
Log of acres owned- 0.055*** (5.76)- 0.049*** (5.17)- 0.017 (1.66)- 0.017 (1.66)
Credit constrained ( = 1)- 0.016 (0.67)- 0.016 (0.68)- 0.015 (0.56)- 0.015 (0.56)
Log of rental rate0.028 (0.75)0.026 (0.73)
Log of agricultural assets0.016*** (2.73)0.018*** (3.19)0.006 (0.98)0.006 (0.98)
Log of household head’s age- 0.140*** (4.07)- 0.134*** (3.98)0.032 (0.57)0.032 (0.57)
Household head completed- 0.005 (0.31)- 0.003 (0.18)0.015 (0.68)0.015 (0.68)
primary school ( = 1)
Female-headed household ( = 1)- 0.068*** (3.68)- 0.070*** (3.77)- 0.059** (2.07)- 0.059** (2.07)
Distance to extension service- 0.001 (0.34)- 0.001 (0.45)- 0.001 (0.58)- 0.001 (0.58)
Death of household head since- 0.022 (0.56)- 0.021 (0.53)0.009 (0.24)0.009 (0.24)
prior survey ( = 1)
Distance to main road0.007 (1.57)0.007 (1.53)0.005 (1.10)0.005 (1.10)
Population density- 0.047*** (3.51)- 0.087*** (5.08)0.000 (.)0.000 (.)
Log of rainfall- 0.002 (0.08)0.001 (0.03)- 0.010 (0.38)- 0.010 (0.38)
Log of rainfall last year0.007 (0.26)0.011 (0.42)0.012 (0.73)0.012 (0.73)
Distance to nearest piped water- 0.000 (0.22)- 0.000 (0.07)- 0.000 (0.15)- 0.000 (0.15)
source
Distance to the nearest electricity0.001 (0.30)0.000 (0.01)0.001 (0.34)0.001 (0.34)
supply
Observations4,1134,17343,144,314
  • Note: Robust z-statistics in parentheses.

  • a The coefficients in the probit models are marginal probabilities.

  • * Significant at 10%;

  • ** significant at 5%;

  • *** significant at 1%.