Variable Name

Variable Definition

Remark

Type

GDP

Annual Gross Domestic Product in Hong Kong (Million HKD)

Take the Logarithm

Explained Variable

FC

Annual Added Value of Financial Service (Million HKD)

Take the Logarithm

Explaining Variable

TD

Annual Added Value of Trade and

Logistics (Million HKD)

Take the Logarithm

Explaining Variable

TR

Annual Added Value of Tourism (Million HKD)

Take the Logarithm

Explaining Variable

PS

Annual Added Value of Professional Service and Industrial and Commercial Support

(Million HKD)

Take the Logarithm

Explaining Variable

K

Fixed Capital Formation of Local Hong Kong

(Million HKD)

Take the Logarithm

Control Variable

L

Annual Number of Labor Force in Hong Kong (Person)

Take the Logarithm

Control Variable

PT

Number of Patents Approved in Hong Kong (Item)

Take the Logarithm

Control Variable