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4, we discuss the variables definitions, and explain the estimation of companies' marginal corporate tax rates.
The variables' definitions and formulations are extended from the framework by Tong et al. [48].
The set of potential explanatory variables, definitions and their a priori expectations are presented in Table 2.
Variables in italics and with asterisks are those for which definitions changed in a reported period Variables' definitions and sources, 2001 Minimum wages: survey question: "The minimum wage, set by law, has little impact on wages because it is too low or not obeyed".
Source: Price Waterhouse, Individual Taxes: A Worldwide Summary (various issues) Variables' definitions and sources, changes over time Minimum wages (from 2002 to 2005): survey question: "The minimum wage set by law in your country is… 1=never enforced; 7=strongly enforced".
Table 2 Explanatory variables Variables Definitions (Effects coding) INTRAVENOUS =1 if a drug is administered intravenously (1, 0, 0, −1) SUBCUTANEOUS =1 if a drug is administered subcutaneously (0, 1, 0, −1) INTRAMUSCULAR =1 if a drug is administered ntramuscularly (0, 0, 1, −1).
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Table 1 Descriptive statistics Variables Definition Description aObs.
Table 1 presents some sample statistics for the main variables used, while the Appendix provides details on variables' definition.
Table 1 Definition of variables and data sources a Variables Definition Source of elements OPP Opportunity entrepreneurship It is the dependent variable.
Table 11 Variables definition and sources of data Variables Definition Social security regulations Indicator variable for whether the worker receives contributions to the pension system and the health insurance system.
Table 1 Variable Definitions with Their Expected Signs Variables Definition Expected sign GDPPC Par Capital Economic Growth Rate: The Percentage change in per capita GDP, used as our indicator of economic growth.
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