Table 3

Impact of land transfer on total household productivity1

Explained variableModel IModel IIModel III
renin0.143*** (0.050)0.151*** (0.050)0.158*** (0.052)
lnT0.052 (0.039)−0.021 (0.052)
lnK0.111*** (0.016)0.09*** (0.018)
propensity score−1.068* (0.564)
dm_lnT0.216*** (0.074)
dm_lnK0.065* (0.038)
dm_propen_score2.857*** (1.064)
Constant8.657*** (0.798)8.921*** (0.855)10.159*** (1.005)
R20.2460.2590.220
N186018601860

Note(s):1Due to spatial constraints, the table omits the estimation results of the regional dummy variable. Values in parentheses represent standard deviations, while *, ** and *** denote significance at 10%, 5% and 1% levels, respectively. In the table, “dm_” signifies interaction terms between the net value of each explained variable minus its mean and renin (or renout in Tables 5 and 6). The relevant descriptions below are consistent with this footnote.

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