While the 2005, 2007 and 2008 surveys collected the same asset variables, asset indicators were added to the 2011 survey based on the recent work of Ayé [ 12], allowing to account for change in households wealth related to economic growth (e.g. ownership of mobile phone).
Predictors in each of these models included the following variables: asset index, number of children in the household, maternal and paternal orphan status, double orphan status, number of adults in household, number of disabled adults, number of chronically ill adults, mean age of adults, child's age, and child's gender.
The participation choice and the consumption choice in t determines the endogenous state variables (assets and human capital) at the start of the next period.
It can be seen that most of Chinese researchers have applied a mix of variables, including monetary variables (fixed asset, expenditure, revenue), volume variables (actual number of open beds, number of employees), and ratio variables (bed occupation rate, number of stays in hospitals, etc).
The list of gains in household assets was combined into a dichotomous composite variable, any asset gained after programme.
The variable called "Asset Index" was created based on summative score of possession of the following assets: functioning electricity, flush toilet, fixed telephone, cell telephone, television, radio, refrigerator, car, washing machine, computer, and internet access.
Another crucial variable is asset growth, reflecting a company's ability to invest successfully in its business.
Variable annuity assets under management topped $1.4 trillion last year, up from only $462 billion in 1995.
Related to the access to financial markets, we find a positive and significant coefficient on the variable ln Assets for debt and hybrid instruments.
The variable fixed assets (PPE) helps to monitor capital intensity, while providing me together with the variables intangibles Intang and inventories Inv with benchmarks to capture the valuation differences under IFRS and tax laws (Chen et al. 2010).
