Table 4 OLS results for the determinants...

Table 4

OLS results for the determinants of demand for credit

Variables	Coefficient	Std. Error	t-Statistic	Prob
Age	0.076	0.057	1.340	0.184
Gender	−0.519	1.199	−0.432	0.666
Education	0.364^a	0.099	3.654	0.000
Household size	−0.067	0.193	−0.348	0.728
Experience	0.130^c	0.069	1.887	0.062
Landholding size	0.125^b	0.059	2.119	0.037
Farm status	0.264	1.376	0.192	0.848
Livestock	−0.186	0.910	−0.204	0.838
Road access	1.871^b	0.930	2.011	0.047
Extension	1.619^a	0.330	4.898	0.000
Distance	−0.129^a	0.049	−2.610	0.010
Constant	−4.293	3.573	−1.201	0.233
Sensitivity analysis
R²	0.651
Adjusted R²	0.601
F statistic	13.235
Prob (F statistic)	(0.000)
Durbin–Watson stat	0.873
Robust check
χ² NORMAL	2.975 (0.225)
χ² SERIAL	1.273 (0.227)
χ²ARCH	0.768 (0.670)

Variables	Coefficient	Std. Error	t-Statistic	Prob
Age	0.076	0.057	1.340	0.184
Gender	−0.519	1.199	−0.432	0.666
Education	0.364^a	0.099	3.654	0.000
Household size	−0.067	0.193	−0.348	0.728
Experience	0.130^c	0.069	1.887	0.062
Landholding size	0.125^b	0.059	2.119	0.037
Farm status	0.264	1.376	0.192	0.848
Livestock	−0.186	0.910	−0.204	0.838
Road access	1.871^b	0.930	2.011	0.047
Extension	1.619^a	0.330	4.898	0.000
Distance	−0.129^a	0.049	−2.610	0.010
Constant	−4.293	3.573	−1.201	0.233
Sensitivity analysis
R²	0.651
Adjusted R²	0.601
F statistic	13.235
Prob (F statistic)	(0.000)
Durbin–Watson stat	0.873
Robust check
χ² NORMAL	2.975 (0.225)
χ² SERIAL	1.273 (0.227)
χ²ARCH	0.768 (0.670)

Note(s): ^a, ^b and ^c Significant at 1, 5 and 10% probability levels, respectively

Source(s): Field survey data (2017)

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