What are the Effects of Demographic Structures on Housing Consumption?: Evidence from 31 Provinces in China

Table 3

Descriptive statistics of research variables.

Variable	Observed number	AVG	σ	Min	Max
INCO	589	16955.73	10480.38	4342.61	62595.74
DEPO	589	8812.215	9915.327	36.8	61890.08
HSA	589	2311.45	2393.532	0.9682	13522.51
HCA	589	1681.85	1530.225	0^a	7930.21
POPU	589	4247.2	2697.028	256	11169
URBA	589	0.4864	0.1590	0.1769	0.896
CDR	589	0.2604	0.0809	0.0964	0.5778
ODR	589	0.1221	0.0278	0.0627	0.2188
FS	589	3.2459	0.4610	2.33	6.79
EDU	589	0.0834	0.0631	0.0000532	0.4476

^aBecause China did not implement housing commercialization until December 1998, most provinces and municipalities did not have commercial housing completed in 1999.