Table 4

Regression of digital economy on the discharge of industrial wastewater

Discharge of industrial wastewater
digital  0.1375*** (0.044) −0.1228*** (0.041) −0.1273*** (0.041) −0.1124*** (0.033) −0.1150*** (0.034) −0.1117*** (0.034) −0.1088** (0.043) 
pgdp  −3.7297*** (0.847) −3.9350*** (0.860) −1.6391** (0.728) −1.7974** (0.736) −1.7368** (0.736) −2.6550*** (0.845) 
Sq_pgdp  0.1506*** (0.038) 0.1617*** (0.039) 0.0631*
(0.033) 
0.0697** (0.033) 0.0674** (0.033) 0.1090*** (0.038) 
population   −0.1165 (0.336) −0.0716 (0.284) −0.1008 (0.270) −0.1129 (0.270) 0.2015
(0.448) 
industrial    2.2678*** (0.455) 2.1377*** (0.466) 2.1265*** (0.484) 2.7275*** (0.701) 
expenditure     −0.2004 (0.132) −0.1958 (0.131) −0.3768** (0.158) 
hum      −0.0233 (0.028) 0.0036
(0.043) 
finance       −1.3819 (4.193) 
watert−1 0.7282*** (0.069) 0.4955*** (0.080) 0.5369*** (0.083) 0.3540*** (0.085) 0.3581*** (0.085) 0.3527*** (0.087) 0.3620*** (0.131) 
constant 2.2144*** (0.585) 26.7544*** (4.967) 28.0266*** (5.385) 14.9507*** (4.672) 16.1183*** (4.690) 15.9012*** (4.680) 18.6927*** (5.680) 
N 1,405 1,405 1,405 1,405 1,405 1,405 1,405 
AR(2) 0.9895 0.3098 0.3173 0.3579 0.3526 0.3578 0.3310 
Discharge of industrial wastewater
digital  0.1375*** (0.044) −0.1228*** (0.041) −0.1273*** (0.041) −0.1124*** (0.033) −0.1150*** (0.034) −0.1117*** (0.034) −0.1088** (0.043) 
pgdp  −3.7297*** (0.847) −3.9350*** (0.860) −1.6391** (0.728) −1.7974** (0.736) −1.7368** (0.736) −2.6550*** (0.845) 
Sq_pgdp  0.1506*** (0.038) 0.1617*** (0.039) 0.0631*
(0.033) 
0.0697** (0.033) 0.0674** (0.033) 0.1090*** (0.038) 
population   −0.1165 (0.336) −0.0716 (0.284) −0.1008 (0.270) −0.1129 (0.270) 0.2015
(0.448) 
industrial    2.2678*** (0.455) 2.1377*** (0.466) 2.1265*** (0.484) 2.7275*** (0.701) 
expenditure     −0.2004 (0.132) −0.1958 (0.131) −0.3768** (0.158) 
hum      −0.0233 (0.028) 0.0036
(0.043) 
finance       −1.3819 (4.193) 
watert−1 0.7282*** (0.069) 0.4955*** (0.080) 0.5369*** (0.083) 0.3540*** (0.085) 0.3581*** (0.085) 0.3527*** (0.087) 0.3620*** (0.131) 
constant 2.2144*** (0.585) 26.7544*** (4.967) 28.0266*** (5.385) 14.9507*** (4.672) 16.1183*** (4.690) 15.9012*** (4.680) 18.6927*** (5.680) 
N 1,405 1,405 1,405 1,405 1,405 1,405 1,405 
AR(2) 0.9895 0.3098 0.3173 0.3579 0.3526 0.3578 0.3310 

Standard error of robustness is reported in parentheses.

*Significance at the 10% level.

**Significance at the 5% level.

***Significance at the 1% level.

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