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Agricultural and Food Economics

Table 6 Estimated Quantile Regression models for different quantiles of loan amount

From: Credit off-take from formal financial institutions in rural India: quantile regression results

Explanatory variables

Parameter estimates

10th quantile

50th quantile

90th quantile

Coefficient

SE

Coefficient

SE

Coefficient

SE

Intercept

−3023.04

6145.14

−58343.10***

14224.51

−147202***

48695.88

State dummy 1

      

CGARH

−129.87

2022.37

−19829.60***

5339.15

−125685***

20686.72

MAHA

4978.60**

2350.93

−13951.00**

5607.84

−119181***

20987.51

WB

−3981.68

3444.37

−26902.60***

7848.67

−136140***

30152.03

AP

−934.78

4145.60

−41410.40***

6103.54

−146031**

66209.14

TN

8821.28*

4719.19

−29652.00***

7069.57

−185739***

29719.60

Village attribute

      

PIRRI

79.70

52.57

277.56***

92.58

840.77**

357.02

PELECTRIC

−20.76

44.68

277.56***

97.64

939.31**

367.13

AGRI

804.46

761.64

2684.61**

1170.26

6420.22

4443.15

EDU

−264.58

664.07

2902.40***

987.40

8018.66

5027.19

FININS

−919.00

649.98

−2713.70***

999.26

−11031***

4025.82

Household attribute

      

LANDD1

123.54

2446.33

−8176.26**

3462.95

−1756.14

14581.15

LANDD2

838.44

1159.54

5606.88***

1656.78

9743.56

6883.54

LANDD3

2439.05

1711.23

5507.91**

2679.73

47032.80***

16963.92

IRRISTATD1

−500.14

1332.19

5328.91**

2351.58

6506.94

8388.00

ALACDUM

52.82

1476.04

4681.41*

2605.45

29196.12**

12611.03

INFORDUM

−631.00

1218.70

−4227.71**

1983.89

−14808.40**

7058.17

DWELLD2

17.16

1134.54

−2243.86

1578.45

−13336.90*

8157.36

SANITD1

341.14

1112.72

5740.65***

1616.22

19080.75***

7270.81

FAMTOT

100.91

270.96

2048.82***

610.63

4138.44*

2414.25

CASTRDUM

911.02

1180.00

4869.94**

2062.23

18121.14**

9362.52

Loan attribute

      

PURPDUM

−3536.50***

1348.02

7996.44***

2967.14

58381.59***

12673.53

SECDUM

380.90

955.75

5133.02***

1752.80

20225.97***

6662.52

TCOST

9.23

2.52

21.26***

4.22

64.07***

20.64

RAINT

656.33

217.79

2804.72***

450.08

9272.05***

1929.91

Wald test

 

13.4542

 

25.4063

 

9.6373

Likelihood ratio χ2 (16)

32.6728

 

59.4395

 

72.8337

Number of observations

399

 

399

 

399

  1. ***Significant at a level of 1 percent; **significant at a level of 5 percent; *significant at a level of 10 percent significance.
  2. 1Gujarat (GUJ) state was used as the base state in analysis.
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