Research Article
A Study of RMB Internationalization Path Based on Border Area Perspective
Table 4
Econometric regression results of overall model 3.
| | Variable indicator and code | Variable parameter | Estimated value of variable parameter |
| | Constant term | c | 3.5741 | | Local GDP (ln gdp) | α1 | 0.9607 | | Total volume of foreign trade (ln trad) | α2 | 0.5514 | | Foreign direct investment amount (ln fdi) | α3 | 0.2031 | | Balance of deposits and loans in domestic and foreign currency for financial institutions (ln fina) | α4 | −0.1319 | | Consumer price index (ln cpi) | α5 | −0.0507 | | Adjusted R-squared, R2 | 0.9737 | | F statistical value | 147.3611 | | DW statistics | 1.4161 |
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∗ and ∗∗∗ represent the 10% and 1% significance levels for t statistics of all parameters, respectively.
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