Table 2 2SLS estimation
From: Understanding agricultural land leasing in Ireland: a transaction cost approach
Instrumental variables | Model 1 | Model 2 |
|---|---|---|
(Log)Rent | 0.07 (0.46) | – |
No rent | – | − 0.52 (0.56) |
Break clause | – | 1.03*** (0.02) |
Monthly payment | − 0.81* (0.30) | – |
Individual tenant | − 0.48*** (0.03) | − 0.72*** (0.07) |
Notice period | 0.83* (0.21) | – |
No concession | 3.98*** (0.6) | – |
Constant | 0.08 (0.54) | 4.82*** (0.08) |
Diagnostics | Wald chi2 (5) = 26.09 Prob > chi2 = 0.001 Durbin–Wu–Hausman test of endogeneity =  17.94 (p = 0.0030) 3.59 (p = 0.0030) | Wald chi2 (3) = 32.21 Prob > chi2 = 0.0000 Durbin–Wu–Hausman test of endogeneity =  24.87 (p = 0.0000) 2.78 (p = 0.0000) |