(1)

(2)

(3)

(5)

(4)

Y

M3

M4

Y(M3)

Y(M4)

数字普惠金融指数

0.0012***

0.0033***

−0.0026***

0.0008***

0.0013***

(0.0002)

(0.0002)

(0.0006)

(0.0002)

(0.0002)

C1

0.0010

−0.0059***

0.0181***

0.0018**

0.0005

(0.0007)

(0.0007)

(0.0025)

(0.0007)

(0.0007)

C2

0.0482***

0.0070*

0.0265**

0.0472***

0.0474***

(0.0037)

(0.0038)

(0.0131)

(0.0037)

(0.0037)

C3

0.0573***

0.0262***

0.0498***

0.0539***

0.0559***

(0.0015)

(0.0015)

(0.0051)

(0.0015)

(0.0015)

C4

0.1152***

0.0329***

−0.1082***

0.1109***

0.1183***

(0.0035)

(0.0035)

(0.0122)

(0.0035)

(0.0035)

C5

0.0456***

−0.0187***

0.1303***

0.0480***

0.0419***

(0.0028)

(0.0028)

(0.0098)

(0.0028)

(0.0028)

C6

0.3337***

0.1021***

0.3396***

0.3204***

0.3241***

(0.0035)

(0.0035)

(0.0121)

(0.0035)

(0.0035)

M

0.1308***

0.0285***

(0.0056)

(0.0016)

_cons

−0.0299

−0.3884***

0.2127***

0.0209

−0.0360*

(0.0189)

(0.0189)

(0.0658)

(0.0189)

(0.0188)

N

31750

31750

31750

31750

31750

R2

0.368

0.078

0.048

0.379

0.374

adj. R2

0.368

0.078

0.048

0.379

0.374