Table 9 Results of mechanism tests for Env and ER.

From: Synergistic effect of the low-carbon city and sci-tech finance pilots on green innovation in China

 

(1)

(2)

(3)

(4)

(5)

(6)

 

Env

SUGI

STGI

ER

SUGI

STGI

Dual

0.054***

1.405***

1.285***

−0.440***

1.415***

1.327***

 

(4.961)

(5.642)

(5.423)

(−4.272)

(5.808)

(5.608)

Env

 

1.389***

1.667***

   
  

(3.724)

(3.584)

   

ER

    

−0.150***

−0.115***

     

(−2.796)

(−2.779)

Controls

YES

YES

YES

YES

YES

YES

City / Year

YES

YES

YES

YES

YES

YES

R2

0.689

0.774

0.769

0.863

0.746

0.745

N

4448

4448

4448

4432

4432

4432

  1. *** indicates significant at the 1% levels, respectively, with T-values in parentheses.