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Table 2 Summary statistics of variables used in the empirical model

From: Financial decision-making behaviors of Ethnic Tibetan Households based on mental accounting

 

Variable

Variable definition

N

Mean

SD

Dependent variables

Formal credit

Have you borrowed money from formal sources? (Yes = 1; No = 0)

411

0.543

 
 

Informal credit

Have you borrowed money from informal sources? (Yes = 1; No = 0)

403

0.576

 
 

Waynum

Number of borrowing sources (ranging from 0 to 4)

415

1.188

0.833

 

Repay

The rank order that shows repaying preference for the government's anti-poor loan, bank loan, loan from friends and relatives, and temple loan (1 = first; 2 = second; 3 = third; 4 = fourth)

420

2.500

1.118

Independent variables

Credit village

Whether it is a credit village (Yes = 1; No = 0)

417

0.113

 
 

Temple

Number of religious places in villages

417

1.206

0.941

 

Telecom

Whether to connect to the telecom network (Yes = 1; No = 0)

417

0.957

 
 

Certificate

Whether there is a certificate of land title (Yes = 1; No = 0)

420

0.679

 
 

Poverty

Are they poor? (Yes = 1; No = 0)

419

0.621

 
 

Religion

Frequency of family visits to temples (1 = never; 2 = rarely; 3 = once a year; 4 = go to a special religious festival; 5 = once a month; 6 = once a week; 7 = more than once a week)

419

4.103

0.964

 

Association

Whether they attend special technique association (Yes = 1; No = 0)

411

0.024

 
 

Str income

Income structure = agricultural income/total income

315

0.283

0.255

 

Dowry

Social spending (unit: thousand yuan)

391

3.712

6.094

 

Age

Age

418

46.667

10.797

 

Gender

Gender (female = 1; male = 0)

420

0.212

 
 

Married

Marriage (single = 1; married = 2; divorce = 3; widowed = 4)

418

2.172

0.599

 

Health

Health (very good = 1; good = 2; normal = 3; not good = 4; very bad = 5)

405

2.516

0.948

 

Edu

Education (1 = uneducated; 2 = did not finish primary school, but can read and write; 3 = primary school graduation; 4 = junior high school graduation; 5 = high school/vocational high school/technical secondary school graduation; 6 = college graduate; 7 = undergraduate degree)

400

1.908

1.139

 

Agrilost

The score for the loss in agriculture (the losses gradually increase in this order: 1 point, 3 points, 5 points, 7 points, 9 points)

400

2.906

1.083

 

Labor

Number of laborers at home

412

2.265

0.954

 

Land

Homestead squares (unit: square meters)

361

175.628

135.688

 

Income

Total income (include income in the crop, business, rent, and off-farm income; unit: hundred yuan)

319

3.522

3.237

 

Loan info

Have you ever heard about microfinance (Yes = 1; No = 0)

414

0.754

 
 

Loan need

Do you need a microfinance loan? (unknown = 1; no need = 2; need = 3; need very much = 4)

412

2.670

0.723

 

Skill

Whether the family members have special skills (Yes = 1; No = 0)

411

0.299

 
  1. When using the rank-ordered logit model, the data structure is changed, so all the variables chosen have more than 420 observations. In that case, the variables were grouped individually into 1680 observations