A Study of the Policy Effects of Beijing-Tianjin-Hebei Synergistic Development Strategy on Regional Financial Development: Based on the Synthetic Control Method
Table 1
The synthetic control method index system.
Indicator type
Measurement indicators
Indicator calculation method
Predictive variables
Financial scale
Year-end balance of deposits and loans of regional financial institutions/regional GDP
Financial efficiency
Year-end balance of all loans/balance of all deposits of the regional financial institutions
Financial structure
Year-end loan balances of the regional financial institutions/regional GDP
Predictive control variables
Economic growth
Total regional social fixed asset investment/regional GDP
Economic structure
Regional tertiary sector value-added/regional GDP
Policy interventions
Local government fiscal spending/regional GDP
Resident consumption
Final consumption expenditure/expenditure method regional GDP
