**<u>Table 4: Determinants of land-related investments: AGLS two-step estimates</u>**

||**Trees pla**|**nted (Probit)**|**Soil conser**|**vation (Probit)**|**Trees**<br>**(Tobit)**|
|---|---|---|---|---|---|
||**Coefficients**|**Marginal effect**|**Coefficients**|**Marginal effect**|<br>**Coefficients**|
|Unconditional transfer rights γ|0266***|0078***|0038|0012|0812***|
|,1|.<br>(5.71)|.<br>(5.71)|.<br>(0.92)|.<br>(0.92)|.<br>(6.55)|
|Conditional transfer rights, γ2|0.381***<br>|0.112***<br>|0.167<br>|0.051<br>|1.046***<br>|
|Knowledge of land law (index), θ1|(3.29)<br>0.238**|(3.29)<br>0.070**|(1.62)<br>0.615***|(1.62)<br>0.187***|(3.48)<br>0.430|
||(2.01)<br>|(2.01)<br>|(5.45)<br>|(5.45)<br>|(1.39)<br>|
|Freehold and_mailo_tenure, φ1|0.491***<br>(3.38)|0.155***<br>(3.38)|0.185<br>(1.35)|0.058<br>(1.35)|1.360***<br>(3.75)|
|Freehold and_mailo_occupant/tenant, φ2|<br>-0.350**|<br>-0.095**|<br>-0.176|<br>-0.051|<br>-1.039***|
||(2.48)|(2.48)|(1.32)|(1.32)|(3.01)|
|No. of years possessed|<br>0.014***|<br>0.004***|<br>0.011***|<br>0.003***|<br>0.033***|
||(4.18)|(4.18)|(3.45)|(3.45)|(3.86)|
|Distance from house|-0.014***|-0.004***|-0.004***|-0.001***|-0.036***|
||(9.45)|(9.45)|(4.50)|(4.50)|(8.80)|
|Parcel area in acres|<br>0.103***|<br>0.030***|<br>0.032*|<br>0.010*|<br>0.090*|
||(5.15)|(5.15)|(1.75)|(1.75)|(1.88)|
|Parcel area squared|-0.001***<br>|-0.000***<br>|-0.000<br>|-0.000<br>|-0.001<br>|
||(2.92)|(2.92)|(0.68)|(0.68)|(1.32)|
|Good land quality|<br>-0.022|<br>-0.006|<br>-0.089|<br>-0.027|<br>0.007|
||(0.29)|(0.29)|(1.26)|(1.26)|(0.04)|
|Poor land quality|<br>-0.283***|<br>-0.076***|<br>-0.058|<br>-0.017|<br>-0.654**|
||(2.81)|(2.81)|(0.60)|(0.60)|(2.49)|
|Flat land|-0.268***|-0.080***|-0.129*|-0.039*|-0.902***|
||(3.72)|(3.72)|(1.88)|(1.88)|(4.86)|
|Steeply sloped land|0.254*|0.081*|0.126|0.040|0.800**|
||(1.91)|(1.91)|(0.96)|(0.96)|(2.39)|
|Irrigated land|0.369|0.122|0.282|0.094|0.561|
||(1.05)|(1.05)|(0.86)|(0.86)|(0.66)|
|Swamp/Wetland|-0.219|-0.059|-0.023|-0.007|-0.103|
||(0.63)|(0.63)|(0.08)|(0.08)|(0.12)|
|Household head's age|0.019|0.005|-0.022*|-0.007*|0.048|
||(1.37)|(1.37)|(1.77)|(1.76)|(1.35)|
|Head's ae suared|<br>-0000*|<br>-0000*|<br>0000|<br>0000|<br>-0001*|
|g q|.<br>(1.86)|.<br>(1.86)|.<br>(1.46)|.<br>(1.46)|.<br>(1.87)|
|Head's education in years|<br>0.049***|<br>0.014***|<br>0.032***|<br>0.010***|<br>0.120***|
||(5.18)|(5.18)|(3.61)|(3.61)|(4.95)|
|Female headed household|0.272***|0.086***|0.193*|0.061*|0.582**|
||(2.58)|(2.58)|(1.95)|(1.95)|(2.16)|
|Household size|<br>0.032***|<br>0.009***|<br>0.029***|<br>0.009***|<br>0.053*|
||(2.99)<br>|(2.99)<br>|(2.83)<br>|(2.83)<br>|(1.91)<br>|
|Value of all assets three years ago (Log)|-0.084***|-0.025***|-0.007|-0.002|-0.185***|
|<br>|(3.09)<br>|(3.09)<br>|(0.27)<br>|(0.27)<br>|(2.60)<br>|
|Distance to the nearest town in miles|-0.006<br>(0.74)|-0.002<br>(0.74)|-0.013<br>(1.58)|-0.004<br>(1.58)|-0.036<br>(1.57)|
|Electricity available|<br>0.142|<br>0.043|<br>0.175**|<br>0.055**|<br>0.328|
||(1.54)|(1.54)|(2.00)|(2.00)|(1.38)|
|Constant|-1.158***<br>||-0.817**<br>|2185|-2.718**<br>|
||(2.67)||(2.05)||(2.39)|
|Obratin|2185||2185||2185|
|sevos<br>Model Wald χ<sup>2</sup>( 17)|<br>328.55***||<br>171.23***||<br>271.41***|
|<br>Wald χ<sup>2</sup>test of exogeneity<br>Exogeneity test Wald p-value|5.82<br>0055||1.76<br>0415||2.03<br>0362|
|<br>χ<sup>2</sup>test: γ1= γ2|.<br>0.82||.<br>1.19||.<br>0.51|
|Prob ><sup>2</sup>|0366||0275||0475|
|χ<br>χ<sup>2</sup>test: γ1= γ2= θ1|.<br>0.85||.<br>25.08||.<br>1.75|
|<br>Prob > χ<sup>2</sup><br><sup>2</sup>|0.655<br>||0.000<br>||0.416<br>|
|χtest: φ1=- φ2|1.58||0.01||1.24|
|<br>Prob >χ<sup>2</sup>|0.209||0.929||0.266|
|Absolute value of z statistics in parenthese|s * significant at|10%; ** significant|t 5%; *** signif|icant at 1%||
|<br>Marginal effects evaluated at the mean for|.<br>continuous variab|<br>les, or as a discrete c|<br>hange from 0 to|<br>1 for dummies.||

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