Table 7 Heterogeneity of horizontal (regional) differences
From: Impact of green digital finance on sustainable development: evidence from China’s pilot zones
Variable | eqd | |||
|---|---|---|---|---|
Eastern | Central | Western | Nationwide | |
gdf-1 | 0.0629* | 0.0024 | 0.0872*** | 0.0619*** |
(0.0339) | (0.0284) | (0.0308) | (0.0188) | |
ifi | 0.1530 | 1.6546*** | 0.3648** | 0.4942*** |
(0.1920) | (0.1415) | (0.2202) | (0.1017) | |
pop | 0.3213** | 0.4450*** | 0.0686 | 0.2741*** |
(0.1500) | (0.1245) | (0.1510) | (0.0826) | |
inv | − 0.0215 | 0.0635** | 0.0338 | 0.0471*** |
(0.0405) | (0.0253) | (0.0233) | (0.0172) | |
gov | 0.0640*** | 0.3004*** | 0.0110 | 0.0355 |
(0.1171) | (0.0873) | (0.0342) | (0.0323) | |
inl | − 0.0013 | − 0.0023* | 0.0019 | − 0.0012 |
(0.0025) | (0.0014) | (0.0016) | (0.0011) | |
Constant | 0.3962 | − 8.0013*** | 0.5782 | − 0.8683 |
(1.9232) | (1.4230) | (0.9927) | (0.6739) | |
Firm | Yes | Yes | Yes | Yes |
Year | Yes | Yes | Yes | Yes |
Observations | 606 | 600 | 504 | 1710 |
Adjusted R2 | 0.5807 | 0.7680 | 0.7494 | 0.6562 |