58 lines
4.3 KiB
TeX
58 lines
4.3 KiB
TeX
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\begin{table}[H]
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\caption{Hedonic models when using potatoes and county to identify treatment group}
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\label{REG:ALT_TREAT}
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\centering
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\begin{tabular}{lcccc}
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\midrule \midrule
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Dependent Variable: & \multicolumn{4}{c}{Price (ln)}\\
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& \multicolumn{2}{c}{\underline{\textbf{Sbd1. Formation and Pumping}}} & \multicolumn{2}{c}{\underline{\textbf{Only Sbd1. Formation}}}\\
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& Actual Sbd1. & Placebo & Actual Sbd1. & Placebo\\
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Model: & (1) & (2) & (3) & (4)\\
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\midrule
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\emph{Variables}\\
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Sbd.1:Post 2006 & -0.5317$^{**}$ & -0.4396 & -0.2767$^{*}$ & -0.2843$^{*}$\\
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& (0.2362) & (0.2661) & (0.1446) & (0.1490)\\
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Sbd.1:Post 2011 & 0.4343 & 0.2833 & & \\
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& (0.2608) & (0.2864) & & \\
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Crop Area (ln) & 0.9239$^{***}$ & 0.9282$^{***}$ & 0.9292$^{***}$ & 0.9320$^{***}$\\
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& (0.0490) & (0.0495) & (0.0481) & (0.0491)\\
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Distance from Ditch (ln) & -0.0604$^{*}$ & -0.0588 & -0.0575 & -0.0606\\
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& (0.0348) & (0.0372) & (0.0353) & (0.0370)\\
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Well Pumping Rights (ln) & 0.0066 & 0.0031 & 0.0056 & 0.0028\\
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& (0.0076) & (0.0083) & (0.0075) & (0.0081)\\
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Sbd1:Well Pumping Rights (ln) & 0.0350$^{*}$ & 0.0381$^{*}$ & 0.0338 & 0.0370$^{*}$\\
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& (0.0203) & (0.0192) & (0.0205) & (0.0191)\\
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\% Potatoes & 0.6712$^{***}$ & 0.7234$^{***}$ & 0.6927$^{***}$ & 0.7535$^{***}$\\
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& (0.1708) & (0.1618) & (0.1662) & (0.1698)\\
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\% Small Grains & 0.4364$^{***}$ & 0.4628$^{***}$ & 0.4540$^{***}$ & 0.4788$^{***}$\\
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& (0.1330) & (0.1160) & (0.1297) & (0.1149)\\
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\% Alfalfa & 0.1881 & 0.1879$^{*}$ & 0.1811 & 0.1834$^{*}$\\
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& (0.1148) & (0.1119) & (0.1125) & (0.1092)\\
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Value of Buildings (ln) & 0.0014 & 0.0019 & 0.0014 & 0.0018\\
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& (0.0024) & (0.0024) & (0.0024) & (0.0024)\\
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\midrule
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\emph{Fixed-effects}\\
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Ditch & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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Subdistricts 1-6 & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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Year & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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County & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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Sbd.1 & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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No Reported Acreage & $\checkmark$ & $\checkmark$ & $\checkmark$ & $\checkmark$\\
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\midrule
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\emph{Fit statistics}\\
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Observations & 463 & 463 & 463 & 463\\
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R$^2$ & 0.75014 & 0.74734 & 0.74625 & 0.74584\\
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Within R$^2$ & 0.55027 & 0.53201 & 0.54327 & 0.52923\\
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\midrule \midrule
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\multicolumn{5}{l}{\emph{Clustered (Arbitrary Spatial Region \& Year) standard errors in parentheses}}\\
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\multicolumn{5}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
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\end{tabular}
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\par \raggedright
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\footnotesize Models two and four identify a parcel as in Sbd1. if potatoes were grown after 1998, and if it is in Rio Grande, Saguache, or Alamosa County.\\
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\emph{Post 2006/2011} are one on or after the indicated year. For example, both Post 2006 and Post 2011 are one in the year 2011.
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\end{table}
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