Research Article

China-Laos Economic and Trade Cooperation and Construction of Sustainable Energy Cargo Channel under the Background of “One Belt, One Road”

Table 1

Variable description.

Serial numberVariableExpected symbolUnitEconomic significance

1gdp+BillionEconomic aggregate
2Capital+BillionCapital stock
3Labor+10,000 peopleTotal number of employees at the end of the year
4Trade+MillionLaos’ total import and export
5Wage%Loan benchmark interest rate
6Capita (−1)+YuanAverage salary of employees
7Labor (−1)+BillionCapital investment in the previous period