| Variable | Definition | Form in Use |
| GDP | Real per capita gross domestic product of a province, proxy for economic growth of a province. | log |
| RED | Revenue decentralization, a share of provincial revenue over the sum of total revenues. | % |
| EXD | Expenditure decentralization, a share of provincial expenditure over the sum of total expenditures. | % |
| FDI | Inward foreign direct investment accumulation capital yearly. | %GDP |
| GINV | Public investment capital in a province. | %GDP |
| PINV | Private investment capital in a province. | %GDP |
| LABO | Labor force, a ratio between working age people (15 - 64) and total population of a province. | % |
| OPEN | Trade openness, a ratio between sum of exports and imports and GDP. | %GDP |
| CPI | Consumer price index, proxy for inflation of a province. | log |
| TELE | Infrastructure, the number of telephone lines per 100 people. | log |