Table 10.
Test results for direct and indirect effects
| Variable | Direct effect | P value | Indirect effect | P value | Overall effect | P value |
|---|---|---|---|---|---|---|
| Gfinance | −7.921*** | 0.000 | −11.925*** | 0.000 | −19.846*** | 0.000 |
| AG | 12.263*** | 0.000 | 23.188*** | 0.000 | 35.451*** | 0.000 |
| lntech | 0.170*** | 0.000 | 0.862*** | 0.000 | 1.0315*** | 0.000 |
| power | −0.597*** | 0.000 | −1.437*** | 0.000 | −2.034*** | 0.000 |
| lnhu | 0.158 | 0.302 | −0.040 | 0.911 | 0.117 | 0.749 |
| road | −0.020** | 0.003 | −0.001 | 0.967 | −0.021 | 0.361 |
| gov | 0.312 | 0.537 | −2.365 | 0.089 | −2.053 | 0.133 |
***, **, and * indicate statistical significance at the 1%, 5%, and 10% level, respectively