| 
 | (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 |