Table 2 Variable definitions
From: Impact of green digital finance on sustainable development: evidence from China’s pilot zones
Variable | Meaning | |
|---|---|---|
Dependent variable | \({eqd}_{it}\) | Principal component method to construct sustainable development indices |
Core explanatory variable | \({gdf}_{it}\) | \({gdf}_{it}=Treated\times Time\times ifi\) |
Replacing explanatory variables of the coverage | \({gdfc}_{it}\) | \({gdfc}_{it}=Treated\times Time\times ific\) |
Replacing explanatory variables of the use depth | \({gdfu}_{it}\) | \({gdfu}_{it}=Treated\times Time\times ifiu\) |
Replacing explanatory variables of the digitalization | \({gdfd}_{it}\) | \({gdfd}_{it}=Treated\times Time\times ifid\) |
Mechanism variables | fin | The log value of the ratio of the balance of deposits and loans of financial institutions to the population at the end of the year |
es | The ratio of coal consumption to total energy consumption | |
adi | \(adi=1-tl=1-\sum_{i=1}^{n}({y}_{i}/y)\mathrm{ln}(\frac{{y}_{i}}{{l}_{i}}/\frac{y}{l})\) | |
Control variables | pop | The log value of the number of permanent urban residents |
inv | The log value of real estate development investments | |
gov | The log value of fiscal budgetary expenditure | |
inl | The proportion of the added value of the secondary industry in regional GDP |