A2.
Provincial data summary statistics.
| Variable | Measurement | Source | Obs | Mean | Std. Dev. | Min | Max |
|---|---|---|---|---|---|---|---|
| Fintech | PKU-DFI (log) | Institute of Digital Finance, PKU (2019) | 248 | 4.676796 | 1.038375 | 1.345218 | 5.819044 |
| IWG | Industrial waste gas emissions (100M cubic meters (Log) | EPS (2019) | 248 | 9.590395 | 1.137573 | 4.733563 | 11.50336 |
| RRI | Recycling rate of industrial solid waste | EPS (2019) | 248 | 4.065193 | 0.644419 | 0.405465 | 4.831793 |
| EPI | Environmental prevention investment 100 million Yuan (log) | EPS (2019) | 248 | 5.320464 | 0.927774 | 1.386294 | 7.050077 |
| Ind | Secondary industry value added as a % of GDP (log) | EPS (2019) | 248 | 45.53116 | 8.434547 | 19.01 | 59 |
| TOP | Actual foreign investment USD 10,000 (log) | EPS (2019) | 248 | 0.281506 | 0.329081 | 0.016706 | 1.58716 |
| Urb | Provincial urbanization rate (log ) | China Statistical Yearbook (2010-2018) | 248 | 55.00306 | 13.6115 | 22.67 | 89.6 |
| GDPpc | GDP per capita in RMB (log) | China Statistical Yearbook (2010-2018) | 248 | 9.780281 | 2.833834 | -2.5 | 17.4 |