Variable

Mean

Std. Dev.

Min

Max

income growth_ijd

0.171

1.432

−12.622

8.039

log(income_ijdt)

10.599

1.270

5.328

18.872

age_ijdt

7.806

8.880

0.000

406.000

VD_ijdt

0.745

0.160

0.000

10.373

log(popdes_ct)

6.290

0.506

3.228

7.783

RV_dt

1.301

0.628

0.000

2.898

UV_dt

19.402

11.784

0.000

51.214

log(fixasset_ijdt)

10.063

1.437

5.257

18.390

log(profit_ijdt)

7.113

1.900

0.000

16.217

log(output_ijdt)

10.637

1.266

5.328

18.878