Table 7 Comparative coefficients Results...

Table 7

Comparative coefficients

Results related to table	Sample/Column title	Estimates from Tables 3–6				New estimates with the same set of variables in all estimations
		Covid government payments (million $)		Average interest rate for short-term debt		Covid government payments (million $)		Average interest rate for short-term debt
		Estimate	SE	Estimate	SE	Estimate	SE	Estimate	SE
Table 3: Short-Term Debt Use	All Farms	0.630^***	−0.0863	0.0505^***	−0.00432	0.630^***	−0.0863	0.0505^***	−0.00432
	Residence	2.787	−1.955	0.0547^***	−0.00895	2.825	−2.005	0.0550^***	−0.00913
	Intermediate	3.642^***	−1.059	0.0575^***	−0.00806	3.576^***	−1.021	0.0568^***	−0.00802
	Commercial	0.458^***	−0.0688	0.0216^***	−0.00456	0.421^***	−0.0673	0.0217^***	−0.00445
Table 4: Short-Term Debt Use	Male	0.599^***	−0.0946	0.0506^***	−0.00405	0.579^***	−0.0903	0.0505^***	−0.00397
	Female	1.207^***	−0.399	0.0521	−0.0412	0.721	−0.562	0.0475	−0.0329
	Non-White	0.582	−0.436	0.0634^***	−0.0196	0.393	−0.759	0.0718^***	−0.0189
	White	0.647^***	−0.0827	0.0502^***	−0.00453	0.637^***	−0.0851	0.0501^***	−0.00447
	Experienced	0.576^***	−0.0893	0.0530^***	−0.00357	0.568^***	−0.0875	0.0531^***	−0.00352
	Beginning	0.941^**	−0.36	0.0385^**	−0.0147	0.824^**	−0.368	0.0394^***	−0.0139
Table 5: Short-Term Debt Utilization	All Farms	0.315	−0.445	−0.0175^***	−0.00237	0.315	−0.445	−0.0175^***	−0.00237
	Residence	−1.565	−1.221	−0.00883^***	−0.00171	−1.367	−1.075	−0.00842^***	−0.0014
	Intermediate	−0.884	−0.865	−0.00952^***	−0.00207	−1.296	−0.873	−0.0101^***	−0.00231
	Commercial	0.183	−0.494	−0.0476^***	−0.00497	0.139	−0.451	−0.0469^***	−0.00542
Table 6: Short-Term Debt Utilization	Male	0.373	−0.431	−0.0189^***	−0.0025	0.383	−0.44	−0.0188^***	−0.00246
	Female	2.302	−3.108	0.00188	−0.00955	−0.139	−2.93	0.00131	−0.00843
	Non-White	−1.36	−3.538	−0.0206	−0.016	0.604	−1.719	−0.0144	−0.0123
	White	0.408	−0.452	−0.0175^***	−0.0024	0.401	−0.454	−0.0175^***	−0.00234
	Experienced	0.392	−0.451	−0.0190^***	−0.00259	0.398	−0.46	−0.0187^***	−0.00247
	Beginning	0.0274	−1.166	−0.0115^*	−0.0056	−0.109	−0.928	−0.0128^***	−0.00457

Results related to table	Sample/Column title	Estimates from Tables 3–6				New estimates with the same set of variables in all estimations
		Covid government payments (million $)		Average interest rate for short-term debt		Covid government payments (million $)		Average interest rate for short-term debt
		Estimate	SE	Estimate	SE	Estimate	SE	Estimate	SE
Table 3: Short-Term Debt Use	All Farms	0.630^***	−0.0863	0.0505^***	−0.00432	0.630^***	−0.0863	0.0505^***	−0.00432
	Residence	2.787	−1.955	0.0547^***	−0.00895	2.825	−2.005	0.0550^***	−0.00913
	Intermediate	3.642^***	−1.059	0.0575^***	−0.00806	3.576^***	−1.021	0.0568^***	−0.00802
	Commercial	0.458^***	−0.0688	0.0216^***	−0.00456	0.421^***	−0.0673	0.0217^***	−0.00445
Table 4: Short-Term Debt Use	Male	0.599^***	−0.0946	0.0506^***	−0.00405	0.579^***	−0.0903	0.0505^***	−0.00397
	Female	1.207^***	−0.399	0.0521	−0.0412	0.721	−0.562	0.0475	−0.0329
	Non-White	0.582	−0.436	0.0634^***	−0.0196	0.393	−0.759	0.0718^***	−0.0189
	White	0.647^***	−0.0827	0.0502^***	−0.00453	0.637^***	−0.0851	0.0501^***	−0.00447
	Experienced	0.576^***	−0.0893	0.0530^***	−0.00357	0.568^***	−0.0875	0.0531^***	−0.00352
	Beginning	0.941^**	−0.36	0.0385^**	−0.0147	0.824^**	−0.368	0.0394^***	−0.0139
Table 5: Short-Term Debt Utilization	All Farms	0.315	−0.445	−0.0175^***	−0.00237	0.315	−0.445	−0.0175^***	−0.00237
	Residence	−1.565	−1.221	−0.00883^***	−0.00171	−1.367	−1.075	−0.00842^***	−0.0014
	Intermediate	−0.884	−0.865	−0.00952^***	−0.00207	−1.296	−0.873	−0.0101^***	−0.00231
	Commercial	0.183	−0.494	−0.0476^***	−0.00497	0.139	−0.451	−0.0469^***	−0.00542
Table 6: Short-Term Debt Utilization	Male	0.373	−0.431	−0.0189^***	−0.0025	0.383	−0.44	−0.0188^***	−0.00246
	Female	2.302	−3.108	0.00188	−0.00955	−0.139	−2.93	0.00131	−0.00843
	Non-White	−1.36	−3.538	−0.0206	−0.016	0.604	−1.719	−0.0144	−0.0123
	White	0.408	−0.452	−0.0175^***	−0.0024	0.401	−0.454	−0.0175^***	−0.00234
	Experienced	0.392	−0.451	−0.0190^***	−0.00259	0.398	−0.46	−0.0187^***	−0.00247
	Beginning	0.0274	−1.166	−0.0115^*	−0.0056	−0.109	−0.928	−0.0128^***	−0.00457

Note(s): This table shows the estimated coefficients of the two variables of interest resulting from equation (5) $y_{i} = {β_{0} {+ β}_{int} int}_{i} + β_{g o v} {g o v}_{i} + β_{x} \tilde{x_{i}} + ε_{i}$ where $y_{i}$ refers to the binary short-term debt use for Tables 3 and 4, while it is dollar amount of short-term debt for Tables 5 and 6. Column “Current estimates in the paper” repeats the coefficients from previous tables while “New estimates with the same set of variables in all estimations” estimates equation (5) with LASSO selected $\tilde{x}$ from the sample of “All Farms” for all the other sub samples. Standard errors in parentheses. ^*p < 0.10, ^**p < 0.05, ^***p < 0.01

Source(s): Authors own work

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