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Table 8 Heterogeneity of different resource endowments and GTFP

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