Table 12 Empirical results of regressions adding digital economy as a moderating variable.

From: Sci-Tech finance, digital economy and high-quality development of regional economy: empirical evidence from 273 cities in China

Variable

(1)

(2)

(3)

(4)

Nationwide

East area

Central area

Western area

Scifi

0.089 (1.328)

−0.126 (−0.932)

0.228*** (2.846)

−0.066 (−0.529)

Dieco

0.023 (0.542)

−0.054 (−0.830)

−0.022 (−0.373)

0.107 (1.307)

Scifi* Dieco

2.922*** (8.941)

2.934*** (6.392)

2.406 (1.558)

3.005* (1.705)

Control

YES

YES

YES

YES

Time FE

YES

YES

YES

YES

City FE

NO

YES

YES

YES

Observations

3276

1032

1368

876

R-squared

0.829

0.853

0.803

0.824

  1. Clustering robustness t-statistics are in parentheses.
  2. ***p < 0.01, **p < 0.05, *p < 0.1.
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