Modelling the Impacts of Government Subsidies on Total Factor Productivity: An Empirical Study

Table 2

Descriptive statistics of major variables.

Variable	Mean	p50	Sd	Min	Max
TFP OP	15.68	15.53	1.136	13.29	18.17
TFP LP	15.69	15.54	1.132	13.31	18.17
Sub	14.48	14.43	2.391	8.761	20.52
Sup	14.12	13.83	2.670	7.824	20.57
Rew	13.17	13.22	1.946	8.006	17.30
Size	22.56	22.11	1.538	19.78	25.95
Lev	0.439	0.420	0.198	0.044	0.892
Roe	0.039	0.053	0.159	−0.923	0.372
Pow	0.200	0	0.400	0	1
Rela	0.563	1	0.496	0	1
Indep	0.372	0.364	0.050	0.333	0.571
Age	9.469	8	6.431	0	24