Table 12 The estimation results using the Heckman two-step method.

From: The impact and moderating mechanisms of digital inclusive finance on public services in Chinese counties

Variable

Livser

Infser

The first stage

The second stage

The first stage

The second stage

dig

Livser

dig

Infser

iv

0.3237* (1.77)

 

0.2416* (1.73)

 

dig

 

0.2558** (2.08)

 

0.1182* (1.80)

Control Variables

Yes

Yes

Yes

Yes

Fixed Effects

Yes

Yes

Yes

Yes

Time Effects

Yes

Yes

Yes

Yes

F-test

18.3***

18.5***

Identification Test

2.96*

3.02*

Weak Instrument Test

1079.1 (16.38)

1063.5 (16.38)

Hansen J

0.000

0.000

Observations

21,675

21,675

R-squared

0.62

0.66

  1. Note: Weak instrument test employs the Cragg-Donald Wald F-statistic (critical value at 10% level in parentheses). Identification test uses the Kleibergen-Paap rk LM statistic (p-value reported in parentheses).
Back to article page