Table 1.

Variable description and data sources

VariableDescription and unit of measurementData source
Total trade with China (TRADE)Total trade is measured as exports plus imports in millions of US dollarsUnited Nations Comtrade Database
Total imports from China (IMPORTS)Total imports measured in millions of US dollarsUnited Nations Comtrade Database
Labour force participation (LFP)Labour force participation rate, total (% of population ages 15–64 years, modelled ILO estimate)WB
Exchange rate (EXR)Official local currency per US dollar (nominal exchange rate)IMF International Financial Statistics
Real GDP per capita (RGDPPC)Real GDP per capita measured in constant US dollarsWB
Gross fixed capital formation (GFCF)Gross fixed capital formation, measured in percentage (%) of GDPWB
China economic policy uncertainty (CEPU)CEPU indexBaker et al. (2016) and the updates therefrom
Note(s):

To ensure consistency across variables, inflation adjustment and exchange rate consistency were made. For inflation adjustments, all the monetary values were converted to constant US dollars using the consumer price index from the World Bank to control for inflationary effects. Bilateral exchange rates were converted into real effective exchange rates to account for currency fluctuations and maintain comparability over time. WB stand for World Bank’s World Development Indicators

Source(s): Authors’ own work
[ViewLarge]
This Feature Is Available To Subscribers Only

or Create an Account

Close Modal
Close Modal