Table 6 Correlates of maize traders’ profitability in Malawi
From: Performance, behaviour and organization of maize trading in Malawi
Posterior with informative prior | Posterior with reference prior | OLS with bootstrapping | |||||||
|---|---|---|---|---|---|---|---|---|---|
Mean | SD | p(B ≠ 0) | Mean | SD | p(B ≠ 0) | Coef. | Std. Err. | Bias | |
Variables | (1) | (2) | (3) | (4) | (5) | (6) | (7) | (8) | (9) |
Registered business (yes = 1) | .829 | .254 | .997 | .826 | .272 | .988 | .653* | .369 | .001 |
Has export licence (yes = 1) | 1.475 | .323 | 1.000 | 1.515 | .332 | 1.000 | 1.611*** | .433 | − .009 |
Runs other businesses (yes = 1) | .047 | .122 | .256 | .050 | .126 | .275 | .222 | .191 | − .014 |
Multiple market function (yes = 1) | − 1.336 | .279 | 1.000 | − 1.354 | .286 | 1.000 | − 1.297*** | .285 | .016 |
Trader is male (yes = 1) | 1.060 | .334 | .997 | 1.086 | .345 | .992 | 1.156*** | .287 | − .011 |
Log no. family members | .391 | .156 | .981 | .389 | .170 | .951 | .421*** | .164 | .001 |
Log asset replacement record | 2.756 | .736 | .999 | 2.783 | .757 | .998 | 2.688*** | 1.011 | .001 |
Log time searching market info | − .037 | .082 | .296 | − .042 | .088 | .327 | − .194* | .120 | − .013 |
Log business age (years) | − .001 | .051 | .115 | − .003 | .066 | .182 | − .287 | .211 | − .027 |
Log geographical coverage (km) | .371 | .094 | 1.000 | .379 | .097 | .999 | .439*** | .113 | .005 |
Log no. friends running business | − .063 | .105 | .404 | − .066 | .108 | .411 | − .287*** | .103 | − .003 |
Log no. of traders from region | .033 | .085 | .249 | .040 | .094 | .291 | .232* | .141 | .011 |
Log no. of distant traders | .644 | .118 | 1.000 | .648 | .120 | 1.000 | .722*** | .124 | .008 |
Log experience with broker (years) | .079 | .163 | .327 | .094 | .179 | .352 | .392 | .266 | .013 |
Christian Catholic | − 1.121 | .415 | .989 | − .110 | .468 | .956 | − 1.310*** | .516 | .002 |
Christian Protestant | − 1.200 | .376 | .997 | − .119 | .424 | .985 | − 1.410*** | .475 | .011 |
Moslem | − 1.676 | .447 | 1.000 | − .164 | .484 | .997 | − 2.172*** | .585 | .006 |
Chichewa | − .015 | .157 | .140 | − .015 | .160 | .141 | .116 | .548 | .062 |
Chiyao | .108 | .313 | .229 | .107 | .314 | .224 | .702 | .665 | .065 |
Chilomwe | − .027 | .191 | .139 | − .029 | .197 | .143 | |||
Market FE | YES | YES | YES | ||||||
District FE | YES | YES | YES | ||||||
Seasonal FE | YES | YES | YES | ||||||
No. of traders | 172 | 172 | 172 | ||||||