Table II.

Loglinear specification results of Ricardian model for all farms

Climate only (2)Climate with CC interactiona (3)Full model without interactionb (4)
VariablesCoef.t-stat.Coef.t-stat.Coef.t-stat.
Dry season temp.−0.917−0.27  −1.193−2.78
Dry season temp.2−0.023−9.10−0.021−8.27−0.058−5.64
Rainy season temp.−6.568−3.52  −0.079−0.71
Rainy season temp.2−0.0045−1.27−0.0045−1.27−0.0032−0.96
Harmattan temp.−8.805−7.72−8.805−7.720.5341.68
Harmattan temp.21.8777.791.8777.790.07510.47
Dry season precip.−0.086−3.25  −0.113−3.46
Dry season precip.20.000752.41−0.00023−5.76−0.0010−4.49
Rainy season precip.−0.0123−0.40  0.0880.22
Rainy season precip.2−0.00023−5.40−0.00005−0.58−0.0009−4.80
Harmattan precip.−0.0035−0.12  −0.210−0.56
Harmattan precip.20.000195.650.00176.320.00614.82
Dry season temp. × precip.      
Rainy season precip. × temp.  −0.0027−3.19  
Harmattan temp. × precip.  0.00152.23  
La_soil_type    −3.005−7.35
Jc_soil_type    −2.432−6.93
Li_soil_type    −2.576−7.10
LVf    −2.416−6.74
Farm altitude    0.0141.82
Irrigation    0.1913.24
Population_density    −0.030−3.24
Access_credit    0.1994.05
Education_head    −0.034−1.64
Farm_experience    −0.0037−0.60
Crop_area    0.00450.43
Household_ size    −0.018−1.02
Market_distance (km)    −0.446−2.85
No of visit by ext. worker    0.3351.24
Total farm area (hectare)    −0.067−1.53
Constant12.97.6413.17.7226.410.4
F-statistics12.1 12.1 13.6 
Adjusted R20.29 0.27 0.46 
Observations280 280 280 

Notes:

aShowing estimated results for model with only climatic variables used as the independent variables.

b

Results for climate response function specified in equation (2); all figures in italic signifies statistical significance of variables at 1% and 5% levels of confidence

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