Table 3: Estimated impact of formal financial market participation on farm size and expenditure on variable inputs per hectare. 
(a) Nearest neighbour matching (NNM) 
 Outcomes  Average treatment effect (ATE)  Average treatment effect on untreated (ATU)  Average treatment effect on the treated (ATT) 
 Farm size  5.993  5.882  0.111 (0.21)  Expenditure on variable inputs  190.826  105.642  85.184*** (4.93)  No. of observations  218  180  


(b) Radius matching (RM) with a calliper of 0.01 
 Outcomes  Average treatment effect (ATE)  Average treatment effect on untreated (ATU)  Average treatment effect on the treated (ATT) 
 Farm size  6.0584  5.143  0.985 (0.66)  Expenditure on variable inputs  192.519  113.095  79.423*** (3.17)  No. of observations  190  174  


(c) Kernelbased matching (KBM) using smoothening parameter of 0.06 
 Outcomes  Average treatment effect (ATE)  Average treatment effect on untreated (ATU)  Average treatment effect on the treated (ATT) 
 Farm size  6.127  5.721  0.406 (0.65)  Expenditure on variable inputs  192.083  109.502  82.581*** (3.02)  No. Of observations  227  190  


statistics are in parenthesis. Source: own calculations. .
