Table 2 Definition of variables.

From: Research on the impact of green finance on regional carbon emission reduction and its role mechanisms

Variables

Name

Measurement

Unit

References

Explanatory

Carbon

Ln (total regional carbon emissions/GDP)

billion tons/million dollars

Zhang et al.12

Core explanatory

DID

0–1 variable, assigned a value of 1 if the city is a pilot area, in 2017 and beyond, and 0 otherwise

Li et al.22

Intermediary

Greeinn_qua

Ln (number of patent applications for green inventions + 1)

Wang et al.35

Greeinn_num

Ln (number of green utility patent applications + 1)

Greeinn_tot

Ln(number of green invention patent applications + number of green utility model patent applications + 1)

Str

Tertiary sector output/secondary sector output by region

Wang et al.13

Controls

Ind

Gross industrial output/GDP

Zhang12

Fin

Year-end loan balances of financial institutions/GDP by region

Zhao55

Eco

Total retail sales of consumer goods/GDP

Li et al.22

DEco

GDP/land area of administrative regions

million/km2

Zhang12

Gov

Regional revenues/GDP

Han54

SGov

Local general public budget revenue/local general public budget expenditure

Zhang12

Pop

Total population of the region/land area of the administrative region

persons/km 2

Li et al.22

Edu

Number of students enrolled in general undergraduate programs/total population of the region

Zhang12