Symbol

Variable name

Definition

Function

Y

Industrial structure upgrading grade index

The ratio of the first, second, and third industries to the GDP of the year is multiplied by 1, 2, and 3, respectively, and then summed.

X

The disparity between urban and rural per capita discretionary income

The difference in income between urban and rural residents is logarithmic

M1

Fiscal expenditure

Fiscal expenditure as a percentage of GDP for the current year

Government functions

M2

Investment in fixed assets

Fixed asset investment as a percentage of GDP for the current year

capital

M3

Number of patent applications

The number of patent applications is logarithmic

Technological level

M4

Total import and export volume

Total imports and exports as a percentage of GDP for the year

The level of opening-up to the outside world