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The Official Journal of the Pan-Pacific Association of Input-Output Studies (PAPAIOS)

Table 5 The results of system GMM estimation

From: The impact of digital financial inclusion on household carbon emissions: evidence from China

 

(1)

(2)

lnHCE

lnHCE

lnHCE(− 1)

0.923*** (6.949)

0.920*** (4.162)

DFI

− 0.255** (− 2.731)

− 0.251** (− 2.147)

lnPOP

0.003 (0.020)

0.153 (0.844)

lnINC

0.387* (1.741)

0.192 (1.630)

lnTEC

0.119 (1.286)

0.083 (0.877)

Constant

− 3.346* (− 1.710)

− 2.708 (− 1.640)

Obs

270

270

F statistics

5004.670***

7689.521***

Hansen

20.216 (0.164)

21.914 (0.289)

AR(1)

− 3.599 (0.000)

− 3.356 (0.001)

AR(2)

− 0.591 (0.555)

− 0.206 (0.837)

  1. The values in parentheses represent the t-statistics
  2. *, **, *** imply the significance at the 10%, 5%, and 1% levels, respectively