2025-09-08 13:17:57 -06:00

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\begin{table}[H]
\caption{Policy responses}\label{REGPOLICYRESPONSE}
\begingroup
\centering
\begin{tabular}{lccc}
\tabularnewline \midrule \midrule
Dependent Variable: & \multicolumn{3}{c}{AF}\\
& \textbf{2011 Policy Model} & \textbf{Direct Effect} & \textbf{Neighbor Response} \\
Model: & (1) & (2) & (3)\\
\midrule
\emph{Variables}\\
Sbd.1-Post 2011 & -30.87$^{***}$ & & \\
& (8.477) & & \\
In CREP-Post 2011 & -31.17$^{***}$ & & \\
& (7.072) & & \\
Near to CREP-Post 2011 & -5.407$^{**}$ & & \\
& (2.218) & & \\
CREP Effect (ATT) & & -38.70$^{***}$ & -2.788$^{**}$\\
& & (2.905) & (1.021)\\
\midrule
\emph{Fixed effects}\\
Near CREP-Post CREP & $\checkmark$ & & \\
In Fallow Program & $\checkmark$ & & \\
Well & $\checkmark$ & $\checkmark$ & $\checkmark$\\
Year & $\checkmark$ & & \\
Subdistrict-Year & $\checkmark$ & $\checkmark$ & $\checkmark$\\
Year-Ditch & $\checkmark$ & $\checkmark$ & $\checkmark$\\
In Fallow Program & & $\checkmark$ & $\checkmark$\\
Subdistrict-Year & & $\checkmark$ & $\checkmark$\\
In CREP After Treatment & & & $\checkmark$\\
In CREP-Year & & & $\checkmark$\\
\midrule
\emph{Fit statistics}\\
Observations & 48,563 & 49,439 & 49,439\\
R$^2$ & 0.74535 & 0.74748 & 0.74705\\
Within R$^2$ & 0.00271 & 0.01114 & 0.00174\\
\midrule \midrule
\multicolumn{4}{l}{\emph{Clustered (Well \& Year) standard errors in parentheses}}\\
\multicolumn{4}{l}{\emph{Signif. Codes: ***: 0.01, **: 0.05, *: 0.1}}\\
\end{tabular}
\par \raggedright
In model 1, all active CREP wells are removed. So a well that enters CREP in 2014 has data from 2009-2013.\\
A well is considered a neighbor to a CREP or Fallow Program well if they are within one-half mile.\\
Each of the 10 largest ditches are included in the Ditch-Year fixed effect.\\
Subdistricts One through Six included in the Subdistrict-Year fixed effect.\\
CREP wells are removed from the dataset when estimating neighbor responses.
\par\endgroup
\end{table}