Biased Technological Progress, Factor Price Distribution, and Overcapacity: A Case from China

Table 2

Table of descriptive statistics.

	Observations	Mean	Standard deviation	Minimum	Maximum
TE	700	0.324	0.184	0.012	0.955
D	700	0.253	0.593	−10.516	1.943
DistK	700	14.151	10.212	0.441	70.697
DistL	700	2.529	1.379	0.164	9.030
Input	700	313278.000	311771.000	37254.200	2283977.000
Profit	700	0.064	0.060	−0.180	0.493
Export	700	0.135	0.160	0.000	0.696
Compete	700	3.701	1.203	1.240	10.386
Government	700	0.144	0.150	0.001	0.798
Input 2^1	700	0.123	0.140	0.000	1.000

¹The standard deviation of the input data is much larger than that of the other data, indicating that it is an extreme outlier. In this study, we used formula y = (x − MinValue)/(MaxValue − MinValue) to calculate the input 2 by processing the input data, where x refers to the original input data and MinValue and MaxValue refer to the minimum and maximum values of the input data.