Table 5 Baseline regression results.

From: Green fintech contributes to environmental sustainability—based on empirical evidence from China

 

(1)

(2)

Variables

CEE

CEE

gfs

0.257***

0.257***

 

(2.6306)

(2.6023)

sc

 

–0.0126*

  

(–1.6679)

lnpgdp

 

0.0149

  

(0.9850)

gov

 

–0.219***

  

(–3.3156)

Phone

 

0.0228

  

(1.3393)

Greenare

 

0.0713***

  

(3.9641)

Open

 

0.0498**

  

(2.2817)

Constant

0.301***

0.0272

 

(5.3391)

(0.1549)

City

yes

yes

Year

yes

yes

Observations

3288

3288

R-squared

0.8729

0.8751

  1. ***, **, and * indicate significance at the 1%, 5%, and 10% levels, respectively. The values in parentheses are t statistics. The same below.