Table 12 Industrial structure transformation and upgrading mechanisms
From: Impact of green digital finance on sustainable development: evidence from China’s pilot zones
Variable | (1) | (2) | (3) |
|---|---|---|---|
eqd (path c) | adi (path a) | eqd (paths c’ and b) | |
gdf-1 | 0.0619*** | 0.5661** | 0.0567*** |
(0.0188) | (0.1650) | (0.0187) | |
adi | 0.0091*** | ||
(0.0030) | |||
Control Variable | Yes | Yes | Yes |
Firm | Yes | Yes | Yes |
Year | Yes | Yes | Yes |
Observations | 1710 | 1710 | 1710 |
Adjusted R2 | 0.9678 | 0.9381 | 0.9680 |
The p value of the indirect effect | 0.0236 |