Table 4 Estimation results for wheat
Variable | Argentina | Australia | Canada | China | India | Kazakhstan | Russia | Ukraine | USA | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
Winter | Spring | Total | |||||||||
Lagged own area | −0.220 (0.144) | 0.380** (0.160) | 0.379*** (0.132) | −0.563*** (0.152) | −0.438** (0.179) | ||||||
Own crop price | 0.141 (0.172) | 0.140 (0.093) | 0.103** (0.050) | 0.039 (0.024) | 0.160 (0.107) | 0.052** (0.024) | 0.123* (0.067) (MSP) | −0.011 (0.064) | 0.172** (0.070) | 0.355* (0.208) | 0.286** (0.121) |
Soybean price | 0.023 (0.253) | 0.052 | −0.093 (0.528) | −0.069 (0.089) | |||||||
Corn price | (0.061) | −0.210** (0.090) | −0.348 (0.361) | −0.052 (0.102) | |||||||
Fertilizer price | −0.345*** (0.117) | 0.210** (0.073) | 0.159** (0.045) | −0.003 (0.065) | 0.123 (0.191) | 0.021 (0.019) | |||||
Oil price | −0.263*** (0.085) | 0.173** (0.067) | 0.262*** (0.071) | ||||||||
Diff. MSP-WSP | 0.022* (0.012) | ||||||||||
Dummy 2000 | −0.128 (0.114) | −0.880 (0.517) | −0.285** (0.109) | ||||||||
Constant | −0.007 (0.027) | 0.022 (0.018) | −0.026 (0.014) | −0.005 (0.011) | −0.039 (0.026) | −0.002 (0.006) | 0.005 (0.006) | −0.017 (0.018) | −0.023 (0.018) | 0.002 (0.050) | −0.017** (0.007) |
N | 23 | 23 | 23 | 20 | 20 | 22 | 29 | 20 | 20 | 20 | 28 |
Joint F-test (p value) | 0.056 | 0.032 | 0.007 | 0.001 | 0.001 | 0.000 | 0.123 | 0.311 | 0.008 | 0.594 | 0.018 |
Adj. R² | 0.214 | 0.301 | 0.335 | 0.034 | 0.020 | 0.262 | 0.050 | 0.061 | 0.465 | −0.068 | 0.286 |
Why this specif.? | B, C | A, B | A, B, C | A, (B), C | A, B, C | A, B, C | A, C | A, C | A, C | A, B, C | A, B, C |