Table 7 Robustness test V: retest with instrumental variable.
Variables | Total consumption expenditure | Subsistence consumption expenditure | Development consumption expenditure | Enjoyment consumption expenditure |
---|---|---|---|---|
Farmland certification | 0.051*** | 0.039*** | 0.057*** | 0.031 |
(0.008) | (0.011) | (0.009) | (0.042) | |
Control variables | Yes | Yes | Yes | Yes |
Constant term | 8.937*** | 8.062*** | 8.671*** | 7.995*** |
(0.411) | (0.352) | (0.421) | (0.357) | |
First stage F value | 99.882 | 93.376 | 98.712 | 96.054 |
DWH test | 13.098*** | 14.957*** | 14.636*** | 14.835*** |
N | 14,607 | 14,607 | 14,607 | 14,607 |