The Impact of Green Finance Development on China’s Energy Structure Optimization

Table 7

Results of multiple regression and static panel regression.

Variable	TEC		REC
	Multiple regression	Panel regression	Multiple regression	Panel regression
GFI	−2.301	−0.901	1.161	1.187
LUR	−1.318	0.786	−2.457	0.922
ISI	0.061	0.011	0.053	−0.039
LGV	0.318	0.030	−0.325	0.141
LOPRN	0.349	0.051	1.220	0.122
TPI	0.023	0.304	−1.317	0.138
Constant	3.102	2.493	3.961	−0.162
R^2	0.546	0.616	0.414	0.432

 < 0.1,  < 0.05, and  < 0.01.