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Table 7 Determinants of maize traders’ business resilience 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
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   
  1. Dependent variable is log of age of the business
  2. SD = standard deviation
  3. Baseline for religion is no religion while Chisena is for trader tribe
  4. *Significantly different from zero at 90% confidence
  5. **Significantly different from zero at 95% confidence
  6. ***Significantly different from zero at 99% confidence