52 lines
2.6 KiB
TeX
52 lines
2.6 KiB
TeX
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\begin{table} %[h]
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\caption{Probit model of selection into CREP}\label{REG:SELECT_PROBIT}
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\centering
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\begin{tabular}{lcc}
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\tabularnewline \midrule \midrule
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Dependent Variable: & \multicolumn{2}{c}{Well Enters CREP}\\
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Model: & (1) & (2)\\
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\midrule
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\underline{\emph{Variables}}\\
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Change in Avg. Water Use (AF) & -0.0050$^{***}$ & \\
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& (0.0013) & \\
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Pre-Fee pumping (AF/year) & & 0.0049$^{***}$\\
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& & (0.0012)\\
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Post-Fee Pumping (AF/year) & & -0.0055$^{***}$\\
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& & (0.0018)\\
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Water Rights (AF) & -0.1928$^{***}$ & -0.1871$^{***}$\\
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& (0.0552) & (0.0536)\\
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Well Depth (log feet) & 0.1875$^{*}$ & 0.2213$^{**}$\\
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& (0.1030) & (0.1068)\\
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Potatoes (\%) & -1.267$^{***}$ & -1.257$^{***}$\\
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& (0.2452) & (0.2445)\\
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Alfalfa (\%) & -0.1998 & -0.1781\\
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& (0.1667) & (0.1680)\\
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Other Crops (\%) & 0.3271 & 0.3073\\
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& (0.2455) & (0.2481)\\
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\midrule
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\underline{\emph{Fixed effects}}\\
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Ditch & $\checkmark$ & $\checkmark$\\
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\midrule
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\underline{\emph{Fit statistics}}\\
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Observations & 2,149 & 2,149\\
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Squared Correlation & 0.14192 & 0.14612\\
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Pseudo R$^2$ & 0.20896 & 0.20959\\
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BIC & 821.08 & 828.17\\
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\midrule \midrule
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\multicolumn{3}{l}{\emph{Heteroscedasticity-robust standard errors in parentheses}}\\
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\multicolumn{3}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
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\midrule
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\end{tabular}
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\par \raggedright
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\hspace{2cm}Pre-Fee pumping rate is the average yearly AF extracted from 2009 to 2010.\\
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\hspace{2cm}Post-Fee pumping rate is the average yearly AF extracted from 2011 to 2013.\\
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\hspace{3cm}This excludes all years after \ac{CREP} is active (2014-2024)\\
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\hspace{2cm}\emph{Change in Avg. Water Use} is calculated by subtracting the Post-Fee variable\\
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\hspace{3cm} by the Pre-Fee variable.
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\end{table}
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