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Financial Innovation

Table 2 Multicollinearity analysis of independent variables

From: Digital finance and renewable energy consumption: evidence from China

Correlation matrix

lnREC

lnGDF

lnBDF

lnDDF

lnPDF

lnCDF

lnIDF

lnPGDP

lnTP

lnCO2

lnREC

1.0000

         

lnGDF

0.4087

1.0000

        

lnBDF

0.4274

0.9717

1.0000

       

lnDDF

0.3230

0.9537

0.9260

1.0000

      

lnPDF

0.3125

0.9021

0.8989

0.9188

1.0000

     

lnCDF

0.2330

0.8177

0.8275

0.9009

0.8909

1.0000

    

lnIDF

0.3435

0.9007

0.8603

0.8766

0.7832

0.6512

1.0000

   

lnPGDP

0.1527

0.5567

0.5894

0.5842

0.5685

0.6011

0.4294

1.0000

  

lnTP

− 0.0982

0.4117

0.4257

0.5005

0.5142

0.6218

0.2939

0.6479

1.0000

 

lnCO2

0.1481

0.0610

0.0834

0.1026

0.1047

0.2179

− 0.0001

0.0913

0.5387

1.0000

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