Research Article

Impact of Digital Inclusive Finance on Rural High-Quality Development: Evidence from China

Table 7

Impact of DIF subindex on RHQD.

BRE FE modelDEP FE modelDIG FE modelPAY RE modelINS FE modelCRE RE model

0.109 (3.426)0.107 (3.938)0.053 (2.740)0.160 (2.617)0.056 (3.032)0.169 (3.235)
LAB0.180 (2.176)0.199 (2.658)0.285 (4.538)0.201 (1.838)0.271 (4.175)0.199 (2.090)
GOV0.020 (0.513)0.062 (2.056)0.004 (0.085)−0.030 (−0.546)0.039 (1.183)0.003 (0.067)
OPE−0.392 (−6.485)−0.407 (−6.824)−0.447 (−6.782)−0.088 (−1.176)−0.461 (−6.792)−0.149 (−2.400)
NAT−0.037 (−2.177)−0.043 (−2.492)−0.049 (−2.968)−0.034 (−2.058)0.054 (−2.872)−0.030 (−2.081)
CON0.246 (11.738)0.233 (13.333)0.245 (11.465)0.192 (4.891)0.246 (11.723)0.178 (4.985)
(w) TEST0.751 (5,208) = 95.315 p = 0.0010.752 (5,208) = 106.460, p = 0.0010.725 (5,208) = 113.696, p = 0.0010.693 χ2(5) = 484.759 p = 0.0010.594 χ2(5) = 45.600 p = 0.0010.718 χ2(5) = 512.670, p = 0.001