Table 11 Performance test for circular economy.

From: Two birds with one stone: can green finance drive the circular economy?

 

(1)

(2)

Variables

CO2

GC

GF#CE

−239.119***

−0.0002***

 

(28.490)

(0.000)

C

573.898

−0.000

 

(2841.09)

(0.004)

Control

Yes

Yes

City

Yes

Yes

Year

Yes

Yes

Obs

4464

4464

R-sq

0.981

0.855

  1. Note: ***, **, * indicate significance at the level of 1%, 5% and 10%. We have normalized Green Finance and the Circular Economy to mitigate multicollinearity.
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