Table 3 Effect of income diversification...

Table 3

Effect of income diversification on consumption

	Simpson diversification index		Count index
	Coefficients	Robust standard errors	Coefficients	Robust standard errors
(1) FE-IV	0.469	0.370	0.081*	0.050
(2) 2SRI	0.093***	0.032	0.055***	0.011
(3) CRE	0.097***	0.032	0.055***	0.011
(4) Pooled OLS	0.099***	0.036	0.059***	0.008

	Simpson diversification index		Count index
	Coefficients	Robust standard errors	Coefficients	Robust standard errors
(1) FE-IV	0.469	0.370	0.081*	0.050
(2) 2SRI	0.093***	0.032	0.055***	0.011
(3) CRE	0.097***	0.032	0.055***	0.011
(4) Pooled OLS	0.099***	0.036	0.059***	0.008

Note(s): ***, ** and * indicate statistical significance at 1, 5 and 10% levels, respectively

Source(s): Authors’ calculation using STATA 16

Sharing Unavailable