Table 1 Descriptions of the study variables.
Variable type | Variable dimension | Variable indictor | Variable interpretation | Mean | Standard deviation |
|---|---|---|---|---|---|
Independent Variable | Population with higher education | Ratio of completion of higher education to total number of eligible workers | Percentage of 25–64-year old’s who have completed higher education (%) | 36% | 12.9% |
Popularisation of higher education development (Adult education level) | Number of young people completing higher education as a proportion of their peers | Number of 25–34-year old’s who have completed higher education as a percentage of their peers (%) | 29.8% | 11.2% | |
Dependent Variable | Level of economic and social development | GDP | Total annual domestic economic production (USD) | 106.9 billion | 255 billion |
Fairness in economic and social development | Poverty line | The share of the population living on less than $2.15 a day | 0.98 | 2.34 |
