Table 2 Summary statistics of other variables over 2009–2011

 SOE

Indicator for state-owned firm (0 if not SOE, 1 otherwise)

947,821

0.0358

0.1859

0

1

42,919

0.0350

0.1839

 Foreign

Indicator for foreign firm (0 if not foreign, 1 otherwise)

947,821

0.1148

0.3188

0

1

42,919

0.0819

0.2742

 HMT

Indicator for Hong Kong, Macao or Taiwan firm (0 if not HMT, 1 otherwise)

947,821

0.0746

0.2627

0

1

42,919

0.0504

0.2188

 Lshare

Indicator for incorporated firm (0 if not incorporated, 1 otherwise)

947,821

0.0243

0.1541

0

1

42,919

0.0530

0.2240

 Private

Indicator for private firm (0 if not private, 1 otherwise)

947,821

0.3618

0.4805

0

1

429,19

0.3036

0.4598

 ODomestic

Indicator for other domestic taxpayer (0 if not other domestic, 1 otherwise)

947,821

0.3886

0.4874

0

1

42,919

0.4761

0.4994

 age

Age

947,497

9.2350

5.9772

1

112

42,901

10.8304

5.7053

 size

Number of employees

946,459

184.5121

1095.4260

1

587,430

42,904

410.9350

1734.4920

 Investment

Newly increased fixed assets/output

758,512

0.0636

0.1774

0

1.4138

36960

0.0640

0.1775

 capital

Net value of fixed assets/output

803,062

0.6885

1.5961

0

11.9473

38,408

0.7119

1.6044

 ROA

Net profits/assets

934,124

0.0067

0.1080

−0.5241

0.3853

42,717

0.0049

0.1037

 wage

Total wages/output

805,700

0.2033

0.4235

0.0096

3.1505

38,594

0.1540

0.4104

 capacity

Inventory/output

801,548

0.5038

1.4678

0

11.3958

38,484

0.5194

1.5035

 import

Imports/output

947,827

0.0041

0.0398

0

0.6557

42,919

0.0027

0.0326

 netinvest_g

1-period weighted growth of net investment

422,245

0.0083

1.6286

−2

2

19,363

0.0822

1.5412

 netcapital_g

1-period weighted growth of net capital

561,613

−0.0331

0.9916

−2

2

24,516

−0.0178

0.5439

 employ_g

1-period weighted growth of employees

944,106

−0.0407

0.7004

−1.9999

2

42,873

−0.0236

0.3807

 coalinput_g

1-period weighted growth of coal consumption

281,669

−0.1601

1.5587

−2

2

24,456

−0.1536

1.2467

 fuelinput_g

1-period weighted growth of fuel consumption

417,330

−0.1042

1.5960

−2

2

22,752

−0.1385

1.4508

 output_g

1-period weighted growth of real output

820,076

−0.0260

1.1345

−2

2

38,768

0.0178

0.9219

 valueadd_g

1-period weighted growth of real value added

676,813

−0.0454

1.4050

−2

2

33,006

0.0087

1.2426

 laborc_ind

County-industry average ratio of total wages to output

934,297

0.2043

0.2154

0.0010

3.1505

42,474

0.1631

0.2232

 lnagglom

Natural logarithm of county-industry total employees excluding those in the taxpayer

895,932

7.6136

1.9994

0

13.8018

40,265

7.2046

1.7107

 lnrealgdppc

Natural logarithm of real GDP per capita

892,501

10.2379

1.1724

6.6581

13.0234

41,440

9.7661

1.0800

 fiscalauto

(Public spending-fiscal revenue)/public spending

892,882

0.3691

0.2875

−4.1491

1.0825

41,464

0.4843

0.2652

 workingpop

Urban and rural employees/population

839,868

0.5652

0.4075

0.0297

4.0705

39,601

0.4636

0.1947

 finance

Loan balance of financial institutions/GDP

891,966

1.4822

0.8476

0.0107

15.6464

41,400

1.2540

0.8464

 indlevel

Value added of the second industry/GDP

891,772

0.4864

0.1609

0.0003

0.9906

41,348

0.5060

0.1637