Variable | Description |
Export (X) | The value of export; deflated by the export price index. |
Exchange rate (ER) | US Dollar per Rial. |
Inflation (INF) | Percentage growth of CPI. |
Competition (COM) | The number of firms in any industry. |
Investment (INV) | The value of investment in industry; measured by division of the value of fixed capital formation in producer price index. |
Vector of energy conveyors (EC): |
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Fuel (FU) | The volume of liquid fuels including gasoline, diesel oil, kerosene, petroleum and furnace oil. |
Electricity (EL) | The quantity of consumed electricity. |
Gas (G) | The volume of natural gas, consumed by industries. |
R & D (RD) | The expenditures on research and development. |
Vector of education (EDU): |
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Under−secondary schooling (UDIP) | The ratio of the number of productive employees who their years of schooling are less than 12 to the whole of productive employees. |
Secondary schooling (DIP) | The ratio of the number of productive employees who completed secondary education to the whole of productive employees.. |
Education in school (SE) | The sum of UDIP and DIP. |
Two years college (TC) | The ratio of the number of productive employees with two years education in university to the whole of productive employees. |
Bachelor of Arts or Science (BA) | The ratio of the number of productive employees who have graduated in university with BA or BS to the whole of productive employees. |
Master of Arts or Science (MA) | The ratio of the number of productive employees who have graduated in university with MA or MS to the whole of productive employees. |
Doctor of Philosophy (PHD) | The ratio of the number of productive employees who have PhD degree to the whole of productive employees. |
Higher education (HE) | The sum of TC, BA, MA and PhD. |