Table 7 Endogeneity test.
From: Green fintech contributes to environmental sustainability—based on empirical evidence from China
Variables | (1) First stage | (2) Second stage |
|---|---|---|
gfs | CEE | |
gfs | 0.285*** | |
(3.1925) | ||
Internet | 0.322*** | |
(4.412) | ||
Constant | –0.192 | 0.288 |
(–1.4129) | (–1.0082) | |
Observations | 3288 | 3288 |
City | yes | yes |
Year | yes | yes |
R-squared | 0.5988 | 0.7763 |
