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