Table 5 Endogenous test of IV-2SLS.

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

 

(1)

(2)

Variables

DFIia

EEI

Disthangzhou*Mean-DFIia

−0.0001*** (0.0000)

/ /

Average-DFIiacity

−4.2194** (1.6488)

/ /

DFIia

/ /

0.2392*** (0.0845)

Sanderson–Windmeijer multivariate F test of excluded instruments:

19.90***

Underidentification test: Kleibergen–Paap rk LM statistic

80.41***

Weak identification test: Cragg–Donald Wald F statistic

345.66

Weak-instrument-robust inference: Anderson–Rubin Wald test F

5.82***

Weak-instrument-robust inference: Anderson–Rubin Wald test Chi-sq

11.68***

Weak-instrument-robust inference: Stock–Wright LM S statistic

10.15***

Over-identification test: Hansen J statistic

0.389

Observations

YES

YES

Control variables + Year FE + Id FE + Cluster

5864

5864

R-squared

/

0.4512

  1. 1. *, **, and *** denote significant at the level of 10%, 5%, and 1% respectively. 2. Standard errors are shown in parentheses. 3. The longitude of Hangzhou is 120.1551, the latitude of Hangzhou is 30.2741.
Back to article page