Table 2 Validation of the relationship between digital finance without mediating variables and energy efficiency improvement.

From: Digital finance, industrial structure upgrading, and energy efficiency in China: a provincial-level empirical analysis

 

(1)

EE

(2)

EE

DFL

0.020***

0.014***

 

(4.65)

(5.13)

_cons

−5.088***

−2.871

 

(−3.26)

(−1.38)

Control variables

NO

YES

Provincial fixed effects

YES

YES

Year fixed effects

YES

YES

Observations

330

330

R2

0.786

0.821

  1. *, **, *** indicate significant at the 10%, 5% and 1% levels, respectively, with t-values in parentheses.
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