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Table 3 Independent variables

From: Exploring a leading and lagging regions dichotomy: does entrepreneurship and diversity explain it?

Variable Definition N Mean Std. dev. Min Max
lnGRP Log of GRP per capita in 2010 (‘000 SEK) 57 5.713 0.173 5.29 6.17
Humcap Human capital, measured as the share of population in ages 20-64 years with > 3 years tertiary education in 2010 (%*) 60 0.149 0.042 0.089 0.281
Entcap Entrepreneurship capital, measured as new business formation per 1000 inhabitants in ages 16-64 (annual average 2008-2010) 60 8.606 1.570 5.81 13.88
lnHHI Overall specialization/diversity, measured by the Herfindahl-Hirschman index (HHI) of overall employment concentration for 2010 (log) 60 −3.948 0.400 −4.67 −2.91
Relvar Related variety: weighted sum of 5-digit entropy within 2-digit sectors (calculated with employment data for 2010) 60 1.777 0.444 0.687 2.491
  1. *Note that percentages are reported in decimal form here, i.e., 1 = 100%