Variable
Symbol
Definition
Capital Mismatch Index
Efficiency of capital allocation by province
Labor Mismatch Index
Efficiency of Labor allocation by province
Knowledge spillover
edu
The number of university students in each province
Labor cost
wage
Average wage of employees by province
Industrial structure
third
Ratio of tertiary sector output in GDP by province
Foreign direct investment
fdi
Ratio of foreign direct investment in GDP by province
The level of marketization
market
Ratio of government fiscal spending in GDP by province
Per capita GDP
PGDP
GDP per capita by province
Total population
pop
Total population by province
Government
intervention
Gov
Loan balance of financial institutions as a percentage of GDP by province