Table 11 Financial inclusion and energy transition effects
From: Impact of green digital finance on sustainable development: evidence from China’s pilot zones
Variable | (1) | (2) | (3) | (4) | (5) |
|---|---|---|---|---|---|
adi (path c) | fin (path a) | adi (paths c' and b) | es (path a) | adi (paths c' and b) | |
gdf-1 | 0.5661** | 0.2338*** | 0.0882 | -0.9248*** | 0.4672*** |
(0.1650) | (0.0229) | (0.1641) | (0.2505) | (0.1636) | |
fin | 2.0438*** | ||||
(0.1842) | |||||
es | -0.1069*** | ||||
(0.0173) | |||||
Control Variable | Yes | Yes | Yes | Yes | Yes |
Firm | Yes | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes | Yes |
Observations | 1710 | 1710 | 1710 | 1710 | 1710 |
Adjusted R2 | 0.9381 | 0.9257 | 0.9430 | 0.9657 | 0.9397 |
The p value of the indirect effect | 0.0000 | 0.0015 |