Table 1 Summary statistics Variable...

Table 1

Summary statistics

Variable	China (1985–2005)		India (1985–2005)
Variable	Mean	Standard deviation	Mean	Standard deviation
Growth rate in real GRP per capita	9.31	4.14	5.42	12.36
Index of horizontal fiscal equalization	−0.46	0.53	−0.52	0.59
Index of fiscal decentralization	3.29	2.52	1.75	1.57
Index of fiscal decentralization-squared	17.19	35.58	5.51	15.91
Growth rate in fixed asset investment	20.24	17.00	1.93	1.21
Natural logarithm of population	17.19	0.89	16.59	1.60
Central government development spending	46.13	12.21	48.13	5.14
Government size	19.81	9.62	32.82	26.94
Rate of fiscal self-reliance	39.11	10.73	50.35	26.60
Share of missing women	3.88	0.67	3.03	0.94
Fiscal regime^a	0.62	0.49	0.76	0.43
Number of observations	599	599	451	451

Variable	China (1985–2005)		India (1985–2005)
Variable	Mean	Standard deviation	Mean	Standard deviation
Growth rate in real GRP per capita	9.31	4.14	5.42	12.36
Index of horizontal fiscal equalization	−0.46	0.53	−0.52	0.59
Index of fiscal decentralization	3.29	2.52	1.75	1.57
Index of fiscal decentralization-squared	17.19	35.58	5.51	15.91
Growth rate in fixed asset investment	20.24	17.00	1.93	1.21
Natural logarithm of population	17.19	0.89	16.59	1.60
Central government development spending	46.13	12.21	48.13	5.14
Government size	19.81	9.62	32.82	26.94
Rate of fiscal self-reliance	39.11	10.73	50.35	26.60
Share of missing women	3.88	0.67	3.03	0.94
Fiscal regime^a	0.62	0.49	0.76	0.43
Number of observations	599	599	451	451

Note(s): ^aFor China, the FR dummy variable = 1.0 for years ≥ 1994, zero otherwise. For India, the FR dummy variable = 1.0 for years ≥1991, zero otherwise

Data sources for China

1) China Data Center of the University of Michigan and China's Ministry of Finance

2) Flood data is retrieved in April 2009 from http://www.chinawater.net.cn/flood, level B and above with “1”, otherwise, “0”; other catastrophe data was retrieved on April 2009 from http://zzys.agri.gov.cn

Data sources for India

1) Directorate of Economics and Statistics of respective State Governments and for All-India -- Central Statistical Organization

2) Reserve Bank of India

3) Natural disaster data was retrieved on October 2009 from http://www.ndmindia.nic.in

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