Table 4 Threshold Regression Analysis.
From: Role of green finance in regional heterogeneous green innovation: Evidence from China
Variable | GI | GI_1 | GI_2 | GI_3 | GI_4 | GI_5 |
|---|---|---|---|---|---|---|
(1) | (2) | (3) | (4) | (5) | (6) | |
GF (ESI ≤ Threshold) | 34.70 (28.98) | 8.129 (6.162) | 36.79** (14.55) | 7.326 (5.097) | 0.169 (1.025) | −8.143 (5.889) |
GF (ESI > Threshold) | 105.4*** (35.33) | 17.36*** (5.934) | 92.80*** (24.95) | 23.39*** (7.412) | 4.747*** (1.637) | 2.780 (3.526) |
PGDP | 30.85*** (9.924) | 4.459** (1.757) | 11.00** (5.198) | 7.296*** (2.072) | −0.236 (0.314) | −0.165 (2.031) |
STR | 1,206 (1,324) | 237.6 (297.5) | 691.9 (623.6) | 221.2 (284.5) | 96.33 (63.50) | 258.8 (204.0) |
FDI | 36.31** (14.48) | 6.271* (3.482) | 8.147 (7.040) | 8.414** (3.137) | 1.233* (0.637) | 3.267 (2.454) |
FIN | 14.18 (20.78) | 8.548* (4.640) | 27.55* (13.76) | −0.193 (5.791) | 1.542 (1.021) | 4.019 (5.752) |
PPL | 112.5 (124.1) | 14.15 (22.33) | 74.00 (53.09) | 10.94 (22.50) | 4.309 (3.922) | 9.680 (16.07) |
GOV | 986.8* (529.4) | 99.77 (107.1) | 251.1 (263.7) | 236.4* (129.6) | 20.47 (18.61) | 154.6 (103.0) |
Constant | −2433* (1,383) | −364.0 (309.4) | −1439** (586.2) | −403.6 (301.9) | −123.1** (56.70) | −277.8 (238.4) |
Observations | 300 | 300 | 300 | 300 | 300 | 300 |
R-squared | 0.414 | 0.248 | 0.408 | 0.403 | 0.458 | 0.238 |
