Table 4 Control variable.
Primary indicators | Secondary indicators | Tertiary indicators |
|---|---|---|
Control variable (Control) | Employment level of the whole society (SEL) | Number of employed population/permanent resident population at the end of the year |
Government support level (GOV) | General public service expenditure/GDP | |
Financial development level (FIN) | Balance of deposits and loans of financial institutions/GDP | |
Urbanization level (URB) | Urban population/permanent resident population at the end of the year | |
Marketization level (MAR) | Marketization index |