Estimation of risk-aversion measures of various adaptation technologies in Andhra Pradesh
| Parameter | Farm mechanization | Supplemental irrigation | ||
|---|---|---|---|---|
| Coefficient | Standard error | Coefficient | Standard error | |
| θ1k | −0.0800*** | 0.0127 | 0.0647 | 0.0602 |
| θ2k | 0.5543*** | 0.1357 | 1.5594*** | 0.1030 |
| θ3k | −0.1035 | 0.0319 | −0.3225*** | 0.0378 |
| R2 | 0.1326 | 0.8118 | ||
| AP | 1.1086*** | 0.2714 | 3.1188*** | 0.2060 |
| DS | 0.6208*** | 0.1914 | 1.9349*** | 0.2270 |
| Relative risk premium (%) | 23 | – | 22 | – |
| Parameter | Farm mechanization | Supplemental irrigation | ||
|---|---|---|---|---|
| Coefficient | Standard error | Coefficient | Standard error | |
| −0.0800 | 0.0127 | 0.0647 | 0.0602 | |
| 0.5543 | 0.1357 | 1.5594 | 0.1030 | |
| −0.1035 | 0.0319 | −0.3225 | 0.0378 | |
| 0.1326 | 0.8118 | |||
| AP | 1.1086 | 0.2714 | 3.1188 | 0.2060 |
| DS | 0.6208 | 0.1914 | 1.9349 | 0.2270 |
| Relative risk premium (%) | 23 | – | 22 | – |
Notes:
*, ** and
Significant at 10, 5 and 1%, respectively
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