Table 4.

Estimated results of the spatial econometrics for the digital finance and green development.

	Spatial Durbin Model		Spatial Error Model		Spatial Lag Model
	(1)	(2)	(3)	(4)	(5)	(6)
lndf	−0.568 **	−0.400 *	−0.581 **	−0.535 **	−0.544 **	−0.568 ***
	(0.250)	(0.218)	(0.232)	(0.230)	(0.213)	(0.213)
W×lndf	0.117	0.132
	(0.428)	(0.331)
W×lngd	0.211 **	0.220 ***			0.333 ***	0.337 ***
	(0.086)	(0.080)			(0.072)	(0.073)
λ			0.333 ***	0.399 ***
			(0.083)	(0.083)
X′	control	control	control	control	control	control
W×X′	control	control	control	control	control	control
Fixed effect	control	control	control	control	control	control
N	240	240	240	240	240	240
Within R2	0.615	0.670	0.575	0.574	0.570	0.564

* p < 0.1, ** p < 0.05, *** p < 0.01.