Table 9 Effect of credit differentials on new technology adoption by farm size.
New varieties | New machinery | New fertilizers | New pesticide | Pest control | New production | New management | ||
|---|---|---|---|---|---|---|---|---|
Wuhan | ||||||||
Formal credit | Large | 0.1250 (0.71) | 0.2083*** (4.32) | 0.1250 (1.38) | 0.4167 (0.28) | 0.0000 (0.00) | −0.2083 (−1.19) | 0.1250 (0.90) |
Small | 0.1098 (0.57) | 0.0976 (0.61) | 0.1341 (0.97) | 0.1159 (0.73) | 0.0976 (0.1619) | 0.0366 (0.23) | 0.1751 (0.028) | |
Informal credit | Large | 0.0200 (0.11) | 0.1200 (1.03) | 0.1000 (0.87) | 0.1591 (1.54) | 0.1800* (1.68) | −0.0200 (−0.11) | 0.0600 (0.36) |
Small | 0.1930 (1.36) | −0.0877 (−0.83) | 0.1170 (1.49) | 0.1491* (1.83) | 0.1667* (1.72) | 0.0526 (0.53) | 0.1579* (1.76) | |
Langxi | ||||||||
Formal credit | Large | 0.1020 (0.68) | 0.2449** (2.61) | 0.0204 (0.17) | −0.1837 (−1.21) | −0.0408 (−0.21) | 0.1224 (0.87) | 0.0417 (0.06) |
Small | −0.0926 (−0.63) | 0.1296* (1.80) | 0.0926 (0.76) | 0.1576 (1.42) | 0.2182** (2.25) | −0.1182 (−1.07) | 0.1296 (1.62) | |
Informal credit | Large | −0.0385 (−0.25) | 0.1000 (0.87) | 0.0385 (0.41) | 0.1290 (0.83) | 0.1818* (1.73) | 0.1923 (1.36) | 0.1538 (1.24) |
Small | 0.1111 (0.70) | −0.0400 (−0.30) | −0.1852 (1.38) | 0.1923* (1.64) | 0.1154* (1.95) | 0.1481 (1.40) | 0.1739 (1.60) | |
