Table III First-stage regression results...

Table III

First-stage regression results

Variable	Coef.	SE
Constant	−11.866	10.832
Exogenous variables
Household head age	0.819*	0.445
Age²	−0.008*	0.004
Education	−0.176	0.162
General health condition	1.183	0.997
Good health condition	4.026***	1.029
Family labor ratio	0.023	0.020
Off-farm income ratio	−0.049***	0.018
Per capita land area	−0.827***	0.318
Wheat profit per mu	0.784	1.190
Maize profit per mu	−0.075	0.736
Grain subsidies	−0.813	1.083
Xifeng	0.211	1.621
Yuzhong	3.239*	1.951
Minle	7.944***	1.747
Huining	0.986	1.556
Instrumental variables
Land reallocation	−6.398***	0.960
Land transfer policy	6.994***	1.390
Number of observations	603
F (17, 585)	14.63
Prob.>F	0.000
R²	0.223
Adjusted R²	0.201
Root MSE	13.3051
Testing of the first stage
Partial R²	0.141
Robust F (2, 24)	47.977
Prob.>F	0.000

Variable	Coef.	SE
Constant	−11.866	10.832
Exogenous variables
Household head age	0.819*	0.445
Age²	−0.008*	0.004
Education	−0.176	0.162
General health condition	1.183	0.997
Good health condition	4.026***	1.029
Family labor ratio	0.023	0.020
Off-farm income ratio	−0.049***	0.018
Per capita land area	−0.827***	0.318
Wheat profit per mu	0.784	1.190
Maize profit per mu	−0.075	0.736
Grain subsidies	−0.813	1.083
Xifeng	0.211	1.621
Yuzhong	3.239*	1.951
Minle	7.944***	1.747
Huining	0.986	1.556
Instrumental variables
Land reallocation	−6.398***	0.960
Land transfer policy	6.994***	1.390
Number of observations	603
F (17, 585)	14.63
Prob.>F	0.000
R²	0.223
Adjusted R²	0.201
Root MSE	13.3051
Testing of the first stage
Partial R²	0.141
Robust F (2, 24)	47.977
Prob.>F	0.000

Notes: The standard errors are robust standard errors clustered at village level. *,**,***Statistically significant at 10, 5 and 1 percent levels, respectively

[ViewLarge]

Sharing Unavailable