# Table 1: Descriptive statistics of key variables (for WIOD countries over 1995-2007)

|Variables|Variable Description|Obs|Mean|S.D.|Min|Max|
|---|---|---|---|---|---|---|
|RCA|RCA based on manufacturing domestic value added (DVA) in gross exports|6,734|1.112|1.037|0.000|12.507|
|SIIf(U.S.)|ratio of U.S. embodied domestic financial (f) services to U.S. manuf. total value added (totva)|6,734|0.036|0.024|0.004|0.100|
|SIIb(U.S.)|ratio of U.S. embodied domestic business (b) services to U.S. manufacturing totva|6,734|0.109|0.074|0.011|0.309|
|SIIfb(U.S.)|ratio of U.S. embodied domestic financial & business (fb) services to U.S. manuf. totva|6,734|0.145|0.098|0.014|0.406|
|SIIf(U.S. avg.)|average U.S. SIIfover 1995-2007|6,734|0.035|0.023|0.005|0.080|
|SIIb(U.S. avg.)|average U.S. SIIbover 1995-2007|6,734|0.107|0.068|0.013|0.215|
|SIIfb(U.S. avg.)|average U.S. SIIfbover 1995-2007|6,734|0.142|0.089|0.018|0.294|
|SIIf|country’s own SIIf, time-varying|6,704|0.026|0.031|0.000|0.530|
|SIIb|country’s own SIIb, time-varying|6,704|0.044|0.044|0.000|0.352|
|SIIfb|country’s own SIIfb, time-varying|6,704|0.070|0.062|0.000|0.559|
|forshf|share of embodied foreign financial services in total embodied domestic & foreign F services|6,674|0.416|0.192|0.036|0.999|
|forshb|share of embodied foreign business services in total embodied domestic & foreign B services|6,674|0.496|0.207|0.076|1.000|
|forshfb|share of embodied foreign F&B services in total embodied domestic & foreign F&B services|6,674|0.450|0.188|0.066|0.999|
|Df(VA/GDP)|share of financial services totva among a country’s GDP|6,734|0.056|0.035|0.012|0.289|
|Db(VA/GDP)|share of business services totva among a country’s GDP|6,734|0.069|0.031|0.011|0.154|
|Dfb(VA/GDP)|share of financial & business services totva among a country’s GDP (= Df+ Db)|6,734|0.125|0.050|0.036|0.391|
|Df(VA/worker)|services value added per worker for financial services sector (in thousand USD)|6,720|4.053|0.807|1.607|5.882|
|Db(VA/worker)|services value added per worker for business services sector (in thousand USD)|6,720|3.407|0.828|0.871|5.091|
|Dfb(VA/worker)|services value added per worker for financial & business services sectors (in thousand USD)|6,720|3.649|0.776|1.244|5.352|
|Df1|Alternative measure 1 for Df= ratio of bank private credit to GDP|6,300|0.693|0.457|0.072|2.010|
|Df2|Alternative measure 2 for Df= (Bank Private Credit + Stock market capitalization)/GDP|6,202|1.216|0.767|0.086|4.072|
|log(GDP/capita)|log(GDP/capita)|6,734|9.788|0.714|7.357|11.363|
|TFP|manufacture TFP estimated by the dual approach|5,686|-0.001|0.446|-4.282|4.656|
|log(emp)|log(manufacture employment)|6,704|4.070|2.026|-5.717|9.749|
|SKratio|Skill ratio = payment to high skill workers / payment to all workers (in manufacturing sectors)|6,734|0.200|0.091|0.028|0.631|
|K/L|capital/labor ratio in manufacture|6,697|0.932|1.917|-0.876|62.323|
|rwage|Relative wage = average wage per worker in a country / world average wage per worker|6,704|0.964|4.671|0.000|75.502|
|GVA Participation|GVCparticipation index based on forward linkage|6,704|0.304|0.196|0.000|3.870|

Notes: This table is based on all of the available data for 14 manufacturing sectors of 37 WIOD countries over 1995-2007 (# of observations can be up to 14*37*13=6734). Three WIOD countries are not covered: U.S. is dropped as the benchmark country to define services input intensity; China and Romania are also dropped due to lack of wage and employment data. The statistics for the samples used in regressions are very similar.

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