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 | |
Registered business | .011 | .043 | .188 | .009 | .038 | .126 | .128 | .099 | − .008 |
Has export licence | .092 | .102 | .598 | .068 | .100 | .408 | .162 | .124 | .002 |
Runs other businesses | − .135 | .063 | .954 | − .106 | .080 | .749 | − .215*** | .069 | .001 |
Engages in value addition | .238 | .088 | .993 | .249 | .099 | .966 | .174 | .114 | − .007 |
Trader is male | − .308 | .102 | .997 | − .310 | .115 | .978 | − .349** | .165 | − .009 |
Log no. of family members in business | − .001 | .014 | .086 | .000 | .011 | .060 | − .040 | .052 | .002 |
Log asset replacement record | − .529 | .256 | .948 | − .457 | .318 | .790 | − .681*** | .238 | − .057 |
Log time spent searching for market info | − .107 | .032 | .998 | − .113 | .033 | .996 | − .094** | .042 | − .004 |
Log of geographical coverage (km) radius | .114 | .031 | 1.000 | .119 | .032 | .998 | .125*** | .035 | .005 |
Log no. of district but distant traders | .004 | .017 | .145 | .003 | .016 | .101 | − .009 | .039 | .004 |
Log experience with broker (years) | .558 | .060 | 1.000 | .587 | .063 | 1.000 | .594*** | .084 | .002 |
Log no. of friends running business | .143 | .035 | 1.000 | .148 | .036 | 1.000 | .185*** | .045 | .895 |
Log no. of traders from the same region | .120 | .037 | .998 | .128 | .039 | .994 | .109*** | .041 | − .001 |
Christian Catholic | − .067 | .080 | .559 | − .044 | .073 | .362 | − .113 | .131 | .009 |
Christian Protestant | − .001 | .034 | .152 | .001 | .024 | .089 | − .011 | .110 | .003 |
Moslem | .029 | .067 | .284 | .014 | .048 | .147 | .205 | .153 | .007 |
Chichewa | − .004 | .036 | .102 | − .003 | .030 | .067 | − .011 | .164 | .002 |
Chiyao | .003 | .049 | .102 | .003 | .041 | .069 | − .173 | .244 | .010 |
Chilomwe | .004 | .046 | .097 | .002 | .038 | .064 | |||
Market FE | YES | YES | YES | ||||||
District FE | YES | YES | YES | ||||||
Seasonal FE | YES | YES | YES | ||||||
No. of traders | 172 | 172 | 172 |