An Approach to Study the Poverty Reduction Effect of Digital Inclusive Finance from a Multidimensional Perspective Based on Clustering Algorithms

Table 5

Impact of various financial services of digital inclusive finance on poverty alleviation: transmission mechanism test.

Path a (without mediators)	POV1	POV2	POV3
	(1)	(2)	(3)
DIFI	50.467	7.823	1.979
	(6.03)	(2.70)	(3.92)
Control variable	Control	Control	Control
Year fixed effect	Control	Control	Control
Province fixed effect	Control	Control	Control
Number of samples	248	248	232
R^2	0.987	0.960	0.964
Path b (mediator)	EDL	EDL	EDL
	(4)	(5)	(6)
DIFI	324.893	324.893	324.893
	(7.03)	(7.03)	(7.03)
Control variable	Control	Control	Control
Year fixed effect	Control	Control	Control
Province fixed effect	Control	Control	Control
Number of samples	248	248	248
R^2	0.986	0.986	0.986
Path c (including mediators)	POV1	POV2	POV3
	(7)	(8)	(9)
DIFI	16.693	4.771	0.804
	(2.18)	(1.49)	(1.50)
EDL	0.104	0.009	0.004
	(9.99)	(2.16)	(4.81)
Control variable	Control	Control	Control
Year fixed effect	Control	Control	Control
Province fixed effect	Control	Control	Control
Number of samples	248	248	232
R^2	0.991	0.961	0.968
P value of the Sobel test	≤0.001	0.039	≤0.001

, , and indicate 10%, 5%, and 1% significance levels.