Table 1 Variables and definitions.
From: Foreign business presence and local entrepreneurship development: evidence from China
Variable | Definition |
|---|---|
entrepreneurship | Number of newly established private firms per 10,000 population |
fdi_stock_pc | Accumulated FDI used per capita (1980 constant price, CNY) |
fdi_flow_pc | FDI flow per capita (1980 constant price, CNY) |
elderly | Elderly dependency ratio (%) |
birth | Birth rate (1‰) |
invest/gdp | Fixed asset investment as a share of GDP |
education | University student enrollments per 10,000 population |
road/land | Kilometers of road per 10,000 km squared of land |
loan/gdp | Loans granted by financial institutions divided by GDP |
govt/gdp | Government expenditures divided by GDP |
constitution99 | Equals 1 after 1999 (inclusive) constitution amendment; 0 otherwise |
constitution04 | Equals 1 after 2004 (inclusive) constitution amendment; 0 otherwise |
interaction99 | Constitution99 × log(fdi_stock_pc) |
interaction04 | Constitution04 × log(fdi_stock_pc) |
