Rural Credit and Farms Efficiency: Modelling Farmers Credit Allocation Decisions, Evidences from Benin

Table 1

Variables introduced in the stochastic frontier model.

Variables	Definitions	Units
Dependent variable
	Farm income	Fcfa
Vector
Capital	Agricultural materials costs	Fcfa
Acreage	Area under crops	Hectare
Labour	Quantity of labour	Man-day
Intermediary inputs	Costs of chemicals (pesticides, herbicides, and fertilizers)	Fcfa
Capital^2	Threshold of agricultural materials investment	—
Acreage^2	Threshold of area under crops	—
Labour^2	Threshold of labour used	—
Intermediary inputs^2	Threshold of chemicals used	—
Capital acreage	Interaction capital and acreage	—
Capital labour	Interaction capital and labour	—
Capital intermediary inputs	Interaction capital and intermediary inputs	—
Acreage intermediary inputs	Interaction acreage and intermediary inputs	—
Acreage labour	Interaction acreage and labour	—
Labour intermediary inputs	Interaction labour and intermediary inputs	—
Vector
Credit	Given amount	Fcfa
Credit^2	Threshold	—
Credit acreage	Interaction credit and acreage	—
Credit capital	Interaction credit and capital	—
Credit labour	Interaction credit and labour	—
Credit intermediary inputs	Interaction credit and intermediary inputs (pesticides, herbicides, etc.)	—

Source: authors’ calculations.