From: Impact of green digital finance on sustainable development: evidence from China’s pilot zones
Variable | eqd | |||
---|---|---|---|---|
Resource-based | Non- resource-based | High-GTFP | Low-GTFP | |
gdf-1 | 0.0913*** | 0.0292 | 0.1058*** | 0.0143 |
(0.0309) | (0.0203) | (0.0285) | (0.0209) | |
ifi | 0.5548*** | 0.4520*** | 0.4773*** | 0.4893*** |
(0.1331) | (0.1064) | (0.1155) | (0.1157) | |
pop | 0.1571 | 0.3685*** | 0.1853* | 0.3614*** |
(0.1300) | (0.0907) | (0.1022) | (0.1025) | |
inv | 0.0918*** | 0.0554*** | 0.0834*** | 0.0579*** |
(0.0207) | (0.0207) | (0.0195) | (0.0221) | |
gov | 0.1079* | 0.0566* | 0.0743** | 0.0677 |
(0.0651) | (0.0329) | (0.0369) | (0.0560) | |
inl | − 0.0006 | − 0.0012 | 0.0009 | − 0.0024* |
(0.0014) | (0.0013) | (0.0014) | (0.0013) | |
Constant | − 2.1183* | − 1.6415** | − 1.4405* | − 1.9212** |
(1.1365) | (0.7205) | (0.7727) | (0.9778) | |
Firm | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes |
Observations | 812 | 1183 | 994 | 1,001 |
Adjusted R2 | 0.6686 | 0.7531 | 0.6772 | 0.7610 |