Table 2 Descriptive statistics for main variables.

From: Peer effects in local government decision-making on new infrastructure investment: evidence from Chinese 258 cities

Variables

Obs

Mean

Std. dev

Min

Max

\(\mathrm{ln}{NII}\)

2838

16.575

0.775

14.604

18.406

\(\mathrm{ln}{FD}\)

2838

−4.45

0.613

−5.739

−2.751

\(\mathrm{ln}{ED}\)

2838

10.859

0.557

9.670

12.242

\(\mathrm{ln}{CS}\)

2838

4.641

0.784

3.144

6.833

\(\mathrm{ln}{IS}\)

2838

3.747

0.221

3.138

4.245

\(\mathrm{ln}{FS}\)

2838

−0.905

0.517

−2.325

−0.002

promotion

2838

0.324

0.468

0

1

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