Table 6 Spatial MTPX for the CCD.

From: Research on the coupling coordination characteristics and convergence of digital finance and regional sustainable development: evidence from Chinese city clusters

Type of lag

t/(t + 1)

I

II

III

IV

No. of observations

Low

I

0.7045

0.2841

0.0114

0.0000

176

II

0.0000

0.4333

0.5667

0.0000

30

III

0.0000

0.0000

0.4000

0.6000

10

IV

0.0000

0.0000

0.0000

1.0000

1

Mid-to-low

I

0.3778

0.6222

0.0000

0.0000

45

II

0.0000

0.7667

0.2333

0.0000

120

III

0.0000

0.0000

0.5938

0.4063

32

IV

0.0000

0.0000

0.0000

1.0000

26

Mid-to-high

I

0.2500

0.7500

0.0000

0.0000

4

II

0.0000

0.4559

0.5441

0.0000

68

III

0.0000

0.0000

0.8427

0.1573

89

IV

0.0000

0.0000

0.0222

0.9778

45

High

I

0.0000

0.0000

0.0000

0.0000

0

II

0.0000

0.2000

0.8000

0.0000

5

III

0.0000

0.0000

0.6786

0.3214

56

IV

0.0000

0.0000

0.0000

1.0000

103

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