Table 1 Variable measurement method
From: Industrial policy, structural transformation and economic growth: evidence from China
Label | Variable | Measurement |
|---|---|---|
Dependent variable | ||
Economic growth | Y | Real GDP (unit: trillion RMB) |
Independent variable | ||
Industrial policy | IP | The cumulative number of industrial policies (units: pieces) |
Control variables | ||
Capital scale | Capital | Per labor capital stock (unit: 10,000 RMB/person) |
Population scale | Popu | Population density (unit: person/square kilometer) |
Informatization level | Info | The number of telephone users (units: 10,000 households) |
Transportation level | Trans | Per capita public cars (unit: standard station/person) |
Human capital level | Labor | The ratio of students in universities to resident population (unit: %) |
Opening-up level | Open | Per labor foreign investment amount (unit: 10,000 RMB/person) |
Government intervention | Govern | The ratio of local financial expenditure excluding scientific and educational expenses to GDP (unit: %) |
Structure rationalization | Structure1 | The reciprocal of Theil’s Index |
Structure upgrade | Structure2 | The ratio of output of tertiary industry to second industry |