Research Journal of Economics & Business Studies - RJEBS - The ...
Research Journal of Economics & Business Studies - RJEBS - The ...
Research Journal of Economics & Business Studies - RJEBS - The ...
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Table : Variable label and expected signs<br />
------------------------------------------------------------------------------------------------------------------------<br />
Variable Label Variable name Chnl1 Chnl2 Chnl3<br />
------------------------------------------------------------------------------------------------------------------------<br />
AGE Age <strong>of</strong> the farmer - + -<br />
GEN<br />
Gender<br />
EDU Education level <strong>of</strong> farmer + - +<br />
FRE Frequency <strong>of</strong> selling + + -<br />
MARKTP Information about the market price + + +<br />
MKTINFO Number <strong>of</strong> Market information sources - - +<br />
BTBUSS Buyer terminate business + - +<br />
INLAST<br />
Invested during last year<br />
INFUTURE Invested for future year - - +<br />
OWNMOB Own a mobile phone - - +<br />
PERCON Preference for contract arrangement - + -<br />
OWNSTOR Availability <strong>of</strong> own storage facilities - - +<br />
CRPIN Crop income - + +<br />
CRPLAND Cropping land area - + +<br />
EXT Access to extension service - - -<br />
-----------------------------------------------------------------------------------------------------------------------<br />
Model Equation<br />
Ln (p 1 /1-p 1 ) = β 0 + β 1 AGE + β 2 DGEN + β 3 EDU+ β 4 FRE + β 5 DMARKTP + β 6 MKTINFO<br />
+ β 7 DBTBUSS + β 8 DINLAST + β 9 DINFUTURE + β 10 DOWNMOB + β 11 DPERCON +<br />
β 12 DOWNSTOR + β 13 CRPIN + β 14 CRPLAND + β 15 DEXT + Ut<br />
Here, AGE-age <strong>of</strong> the farmer, GEN-gender, EDU-educational level <strong>of</strong> farmer, FRE-frequency <strong>of</strong><br />
selling, MARKTP-information about the market price, MKTINFO-number <strong>of</strong> market information<br />
sources, BTBUSS-buyer terminate business, OWNSTOR-availability <strong>of</strong> own storage facilities,<br />
OWNMOB-own a mobile phone, INLAST-investment during last season, INFUTURE-investment for<br />
the future season, PERCON-preference for contract arrangement, CRPIN-crop income CRPLANDcropped<br />
land area, and EXT-access to extension services. Among these three explanatory variables<br />
namely MKTINFO, PERCON and EXT were dropped from the model in order to overcome the<br />
dummy variable trap and the collinearity problem.<br />
Multinomial regression for market channel choice.<br />
Number <strong>of</strong> obs = 191<br />
LR chi2(24) = 35.74<br />
Prob > chi2 = 0.0004<br />
Log likelihood = -79.725758<br />
Pseudo R2 = 57.06<br />
www.theinternationaljournal.org > <strong>RJEBS</strong>: Volume: 02, Number: 06, April-2013 Page 47