Table 3

Trust in agricultural insurance (Ologit vs. Gologit2)

VariableOlogit coef. (SE)Gologit2 coef. (SE)Marginal effect, highest level (SE)Brant test
Insurance adoption0.842*** (0.214)0.876*** (0.219)0.184*** (0.038)Violation
Awareness0.316** (0.141)0.349** (0.148)0.072** (0.022)Passed
Education0.129** (0.061)0.142** (0.064)0.029** (0.009)Passed
Farm size (log ha)0.085 (0.073)0.097 (0.076)0.014 (0.011)Passed
Income (k FCFA)0.174** (0.082)0.183** (0.085)0.038** (0.016)Passed
Credit access0.498*** (0.162)0.521*** (0.168)0.091*** (0.035)Passed
Risk perception0.621*** (0.188)0.654*** (0.196)0.127*** (0.031)Passed
Extension contact0.203 (0.144)0.221* (0.149)0.046 (0.030)Passed
Climate shock−0.417** (0.197)−0.442** (0.204)−0.083** (0.031)Passed
Cooperative membership0.289* (0.158)0.301* (0.163)0.052* (0.030)Passed
Rural radio access0.112 (0.134)0.126 (0.138)0.021 (0.022)Passed
Head’s age (decades)−0.021 (0.019)−0.023 (0.020)−0.004 (0.002)Passed
Cutpoints/ConstantYesYes
Observations1,2001,2001,200
Log-likelihood−374.22−372.10
Wald/LR χ2162.45***168.31***
Pseudo R20.1780.181

Note(s): ***p < 0.01, **p < 0.05, *p < 0.10 (Robust SE)

Source(s): Authors’ calculations

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