Table 9 QAP correlation analysis results.

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

Variables

CCD

Economic growth

Magnitude of financial industry

Proportion of telecommunication business

Urbanization

Market openness

Advancement of industrial structure

CCD

1.000***

–

–

–

–

–

–

Economic growth

0.889***

1.000***

–

–

–

–

–

Magnitude of financial industry

0.769***

0.647***

1.000***

–

–

–

–

Proportion of telecommunication business

0.095

 − 0.102

0.211**

1.000***

–

–

–

Urbanization

0.931***

0.880***

0.762***

0.073

1.000***

–

–

Market openness

0.856***

0.780***

0.609***

-0.062

0.763***

1.000***

–

Advancement of industrial structure

0.505***

0.285***

0.675***

0.277**

0.421***

0.345***

1.000***

  1. The symbols *, **, and *** denote significance levels of 10%, 5%, and 1%, respectively.
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