Table 3 Estimation results for corn
Variable | Argentina | Brazil | China | India | Mexico | Ukraine | USA | ||
|---|---|---|---|---|---|---|---|---|---|
1st corn | 2nd corn | Kharif | Rabi | ||||||
Lagged own area | −0.588*** (0.196) | −0.579*** (0.113) | −0.637*** (0.150) | 0.655*** (0.153) | −0.276* (0.150) | ||||
Own crop price | 0.382** (0.164) | 0.228* (0.123) | 0.574*** (0.138) | 0.164*** (0.037) | 0.124** (0.043) | 0.377*** (0.114) | 0.140* (0.077) | −0.088 (0.328) | 0.488*** (0.101) |
Soybean price | −0.372** (0.166) | −0.333* (0.197) | −0.085** (0.036) | −0.048 (0.034) | −0.274** (0.101) | ||||
Fertilizer price | 0.206*** (0.065) | −0.250*** (0.083) | −0.086** (0.039) | −0.370* (0.207) | −0.035 (0.027) | ||||
Oil price | −0.108 (0.113) | 0.882* (0.486) | 0.021 (0.019) 0.035 | ||||||
Dummy 1995 | 0.454*** (0.158) | (0.051) | |||||||
Dummy 2006 | −0.78*** (0.173) | ||||||||
Constant | 0.050* (0.024) | −0.055*** (0.016) | 0.085*** (0.021) | 0.023** (0.009) | 0.013 (0.008) | 0.092*** (0.021) | −0.004 (0.015) | 0.066 (0.084) | 0.000 (0.009) |
N | 24 | 22 | 21 | 23 | 16 | 15 | 22 | 20 | 28 |
Joint F-test (p value) | 0.003 | 0.019 | 0.002 | 0.000 | 0.029 | 0.000 | 0.002 | 0.040 | 0.000 |
Adj. R 2 | 0.166 | 0.388 | 0.342 | 0.130 | 0.186 | 0.221 | 0.484 | 0.326 | 0.557 |
Why this specif.? | A, C | A, C | A, B, C | A, B, C | A, B, C | A, C | A, C | A, B, C | A, C |