Variable | Variable description |
Log (Y) | The logarithm of actual GDP in Guangdong Province over the years |
Log (K) | The logarithm of capital stock in Guangdong Province over the years |
Log (L) | The logarithm of the labor force in Guangdong Province over the years |
E | Average length of education for the labor force |
G | Annual financial expenditure of the Guangdong Provincial Government |
Log (H) | The logarithm of human capital stock in Guangdong Province over the years |
Log (Y/L) | The logarithm of the average labor force of Guangdong Province over the years |
Log (K/L) | The logarithm of the average capital stock of labor force in Guangdong Province over the years |