Table 1.
Statistical description of the main variables in the article.
| Var. | Var. Def. | Sam. Per. | Mean | Max. | Min. | Std. Dev | Median |
|---|---|---|---|---|---|---|---|
| HCE_CN | Healthcare expenditure in GDP (%) | 2003Q1–2019Q4 | 4.503 | 7.545 | 0.652 | 0.233 | 4.766 |
| GDP_S | China's quarterly per capita GDP growth rate (%) | 2003Q1–2019Q4 | 3.004 | 5.611 | 1.548 | 0.130 | 2.607 |
| GDP_L | China's 5-year per capita GDP growth rate (%) | 2003Q1–2019Q4 | 12.598 | 17.707 | 8.300 | 0.388 | 12.575 |
| PCA | Physical capital accumulation expenditure in GDP (%) | 2003Q1–2019Q4 | 57.806 | 1.271 | 0.112 | 52.578 | 0.714 |
| HCA | Human capital accumulation expenditure in GDP (%) | 2003Q1–2019Q4 | 18.674 | 22.670 | 15.428 | 0.223 | 18.433 |
GDP, represents China's gross domestic product; Sam. Per., represents sample period; Var., variable; Max., maximum; Min., minimum; Std. Dev., standard deviation.