Research Article

Industrial Agglomeration Analysis Based on Spatial Durbin Model: Evidence from Beijing-Tianjin-Hebei Economic Circle in China

Table 1

Variable name, symbol, and description.

Variable nameIndexSymbolDescription

Explained variableIndustrial agglomerationYIndustrial added value/GDP
Explanatory variableFinancial developmentX1Financial added value
Technological innovationX2Number of invention patent applications
Control variableGovernment actionZ1Public expenditure/GDP
Human capitalZ2Number of college students/resident population
Capital input levelZ3Fixed capital investment/GDP