Table 1.
The summary of the variables used in the model.
| Text sign | Variable | Sign | Unit | Reference | Description |
|---|---|---|---|---|---|
| X1 | GDP Growth | GDP | [%] | World Bank [38] | The normalized daily economic growth rate in China. |
| X2 | Oil Demand | Demand_oil | Million Barrel | IEA [39] | The daily oil demand for China |
| X3 | Electricity Demand | Demand_electricity | TWh | IEA [39] | The daily oil electricity of China |
| X4 | Epidemic status | Epidemic | – | Author (WHO) [40] | A control index showing severeness* of the epidemic |
| X5 | Infected people | Population_infected | People | WHO [40] | The daily cumulative infected people in China. |
| X6 | Manufacturing PMI | PMI | – | Trading economics [41] | The daily Caixin China General Manufacturing PMI showing the manufacturing productivity in China |
| X7 | Export Income | Exports | USD HML | Trading economics [42] | The daily export income of China |
| X8 | Foreign Direct Investment | FDI | B USD | Trading economics [43] | The cumulative daily foreign direct investment entered in China |
| X9 | Industrial Productivity | P_industry | – | Trading economics [44] | Daily industrial productivity in China |
| X10 | Stocks Value | Stocks | – | Shanghai Composite Stock Market [45] | The China Shanghai Composite Stock Market Index. |
*
Note: The severeness variable is an artificial parameter which shows the severeness of the situation, measured by the daily death cases and the worst WHO scenario of maximum daily death cases.