Table 6.
Estimation results of heterogeneity of developmental level of digital economy.
| Q5 | Q25 | Q50 | Q75 | Q95 | |
|---|---|---|---|---|---|
| HC | HC | HC | HC | HC | |
| DE | 0.211*** (0.047) | 0.267*** (0.042) | 0.233** (0.100) | 0.371 (0.233) | 0.219 (0.424) |
| Controls | Yes | Yes | Yes | Yes | Yes |
| Constant | −1.962*** (0.349) | −1.053*** (0.297) | −0.765 (0.733) | −1.787 (1.499) | −3.867 (3.507) |
| Observations | 300 | 300 | 300 | 300 | 300 |
| Pseudo R2 | 0.463 | 0.365 | 0.333 | 0.325 | 0.310 |
Standard errors are shown in small parentheses, *, **, and *** stand for statistical significance at the 0.1, 0.05, and 0.01 significance levels, respectively.