Table 1 Variable definitions and summary statistics.
Variable | Definition | Mean | Std. dev. | Min | Max |
|---|---|---|---|---|---|
Independent variables | |||||
LF | Land transfer fees | 151.379 | 374.887 | 0.013 | 6811.592 |
LTM | The area of land transfer through bidding, auction and listing | 787.671 | 1348.616 | 0.024 | 43,150.16 |
LIM | The area of agreement-based land transfer | 113.645 | 345.463 | 0.004 | 7292.182 |
Dependent variable | |||||
REI | The level of regional economic integration | 2.489 | 6.140 | 0.003 | 73.843 |
Control variables | |||||
urban | The proportion of non-agricultural population to the total population | 0.322 | 0.187 | 0.047 | 0.953 |
indu | The proportion of tertiary industry and the secondary industry in GDP | 0.927 | 0.468 | 0.272 | 2.519 |
govern | The ratio of fiscal expenditure to GDP | 0.506 | 0.592 | 0.015 | 0.614 |
traffic | Per capita area of paved roads | 15.767 | 6.909 | 1.550 | 46.400 |
open | The share of the direct foreign investment in the fixed asset investment | 0.032 | 0.069 | 0.000 | 0.208 |
tech | The total expenditure on education and research | 63.165 | 111.335 | 1.217 | 1406.792 |
