Table 2 Descriptive statistics.
Variable | Description | Data source | Obs | Mean | Std. dev. | Min | Max |
|---|---|---|---|---|---|---|---|
income | Log (rural residents’ net incomes per capita) | national economic and social development bulletin | 3927 | 9.069 | 0.289 | 7.415 | 11.766 |
NRECDP | The counties which participate in NRECDP: 1; and 0 otherwise. | The list is reported in the homepage of the ministry of finance every year. | 4134 | 0.504 | 0.500 | 0 | 1 |
digfin | Digital inclusive finance index | Institute of Digital Finance Peking University | 3954 | 0.878 | 0.285 | 0.020 | 1.749 |
Inf | Log (number of fixed-line subscribers) | China County Statistical Yearbook | 4025 | 9.563 | 1.022 | 2.565 | 13.602 |
popint | Log (resident population/land area of administrative zone) | China County Statistical Yearbook | 3823 | 0.021 | 0.062 | 0 | 1.491 |
ind | Value added of third industry/gross region product | China County Statistical Yearbook | 4048 | 0.424 | 0.114 | 0.083 | 0.822 |
finance | Local general public budget revenue/local general public budget expenditure | China County Statistical Yearbook | 3475 | 0.176 | 0.147 | 0.008 | 3.272 |
edu | Log (number of students enrolled in general secondary schools+number of students enrolled in elementary schools) | China County Statistical Yearbook | 4077 | 9.616 | 0.961 | 5.823 | 13.373 |
pgdp | Log (gross region product/resident population) | China County Statistical Yearbook | 3484 | 9.888 | 0.467 | 8.503 | 11.955 |
Taobao | The numbers of Taobao villages in the county | The list is reported in the homepage of the AliResearch every year. | 4134 | 0.051 | 0.654 | 0 | 21 |
slop | Log (average slope by county*year) | NASA | 4134 | 10.239 | 0.584 | 8.151 | 11.131 |
