Table 1 Model estimations with cattle production (herd size) as dependent variable

Variables

OLS

FE

SAR

SEM

SARAR

Number of agricultural credits

11.1174**

7.7976*

7.6494*

(4.3180)

(4.0731)

(4.20E+00)

Total credit value agricultural credits

−0.3429***

−3.0070e−01**

−0.29719**

−0.30548**

(0.1192)

(0.10846)

(0.10888)

(1.10E−01)

Number of cattle credits

−111.6304***

−1.4431e+02***

−1857.89***

−151.76***

(33.4814)

(29.532)

(30.262)

(3.03E+01)

Total credit value cattle credits

3.0620***

1.0002*

2.5421e+0**

2.6107***

2.6055**

(0.8548)

(0.5238)

(0.78966)

(0.77541)

(7.92E−01)

Coca (hectares)

Agricultural land use

−7.3207e−01*

−1.0126*

−0.85427*

(0.42241)

(0.44366)

(0.43611)

Cattle land use

0.3001***

−0.0481*

2.8863e−01***

0.29898***

0.29884***

(0.0354)

(0.0265)

(0.03125)

(0.033735)

(0.032774)

AgriculturalBank of Colombia offices (#)

12,005.1045***

12612***

13022***

13017***

(2,167.6712)

(1978.9)

(2023.4)

(2021.6)

% Rurality

−527513.5352**

1730356.7720**

−6.7552e+05***

−863290***

−764350***

(240,876.1994)

(819,586.8440)

(190630)

(225750)

(207470)

Lambda

0.320157***

0.210559*

(0.052533)

(0.093001)

rho

0.436734***

(0.062277)

R-squared

0.5274

LM Test (lag)

2.3287

Robust LM Test (lag)

5.9633**

LM Test (error)

0.90077

Robust LM Test (error)

4.5353**