Fiscal Decentralization and Regional Financial Efficiency: An Empirical Analysis of Spatial Durbin Model

Table 2

Statistical description of sample’s variables.

Index	Variables	Mean	Standard deviation	Minimum	25% quantile	50% quantile	75% quantile	Maximum
Finance efficiency	fe	0.576	0.624	0.133	0.380	0.500	0.653	3.958
Fiscal expenditure decentralization	sd	0.368	0.108	0.138	0.294	0.351	0.421	0.888
Fiscal revenue decentralization	rd	0.242	0.146	0.037	0.133	0.202	0.318	0.871
Per capita real GDP (yuan/person)	pgdp			1891.200	9837.380
Urbanization (%)	Urban	0.345	0.195	0.013	0.202	0.296	0.451	100.000
Industrial structure	itu	2.203	0.136	1.318	2.110	2.190	2.283	2.797
Information technology development (ten thousand families)	Internet	41.066	128.506	0.024	8.316	17.139	36.800	5174.000
Fixed asset investment (ten thousand yuan)	ifa			654.299	4606.420	9841.960
The level of internal opening (%)	Private	0.086	0.106	0.003	0.036	0.059	0.096	100.000