An Empirical Study on the Relationship between Craftsman’s Spirit and Economic Growth of Construction Industry

Table 2

Variable definition table.

Type of variable	The name of the variable	Variable symbol	Definition of variables	The source of the variable
Explained variables	Construction economy	CECO	Gross output value of the construction industry	National bureau of statistics
Variables to explain	Craftsman’s spirit	CRAFT	Composite score for time series analysis and all-around PCA
Variables to control	The logarithm of the asset	LNASSET	Natural logarithm of total assets	National bureau of statistics
	Asset-liability ratio	ALR	Total liabilities/total assets	National bureau of statistics
	Rate of return on investment	APR	Total profit/total assets	National bureau of statistics
	Employees of construction companies	LABOR	Average number of employees in the construction industry	National bureau of statistics

Source: compiled by the author.