Table 4 Robustness test B.

From: Can digital financial inclusion improve the ecological environment? Evidence from counties in the Yellow River Basin of China

 

(1)

(2)

(3)

(4)

(5)

 

FGLS

Driscoll–Kraay

Bootstrap

Heteroscedast-icity error

Difference GMM

Variables

EEI

EEI

EEI

EEI

EEI

DFIia

0.0327*** (0.0100)

0.0520* (0.0242)

0.0520** (0.0216)

0.0389** (0.0177)

0.2242*** (0.0846)

Observations

5864

6597

6597

5864

5864

Within R2

0.0721

/

0.0049

0.5097

/

Overall R2

/

/

0.9370

0.9595

/

Wald chi2

146503.63***

/

23.01***

/

1604.01***

F

/

4.34**

/

66.48***

/

Control Variables

YES

YES

YES

YES

YES

Year FE+Id FE

YES

YES

YES

YES

NO

  1. 1. *, **, and *** denote significant at the level of 10%, 5%, and 1% respectively. 2. Standard errors are shown in parentheses.
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