Table 4.

Descriptive statistical results of CTFP and the decomposed effects.

Regions/Variables		2011–2012	2012–2013	2013–2014	2014–2015	2015–2016	2016–2017	2017–2018	2018–2019	2019–2020	Avg.
China	CTFP	1.077	1.085	1.049	1.079	1.077	1.039	1.129	1.059	1.110	1.078
	TEC	1.071	1.071	1.057	1.084	1.081	1.035	1.123	1.089	1.088	1.078
	EFF	1.006	1.013	0.993	0.996	0.998	1.004	1.005	0.978	1.021	1.002
ERC	CTFP	1.096	1.081	1.069	1.104	1.101	1.058	1.140	1.051	1.153	1.095
	TEC	1.094	1.083	1.063	1.108	1.099	1.047	1.148	1.057	1.078	1.086
	EFF	1.001	0.998	1.005	0.997	1.003	1.011	0.994	0.995	1.070	1.008
CRC	CTFP	1.071	1.105	1.020	1.053	1.065	1.043	1.113	1.084	1.081	1.070
	TEC	1.061	1.075	1.054	1.083	1.060	1.020	1.128	1.074	1.071	1.070
	EFF	1.010	1.028	0.968	0.975	1.005	1.022	0.986	1.009	1.009	1.001
WRC	CTFP	1.064	1.074	1.050	1.072	1.060	1.018	1.130	1.050	1.088	1.067
	TEC	1.054	1.057	1.052	1.059	1.079	1.033	1.096	1.133	1.110	1.075
	EFF	1.009	1.017	0.999	1.011	0.987	0.985	1.030	0.938	0.982	0.995

Data source: Calculated using MaxDEA 6.16 software.