Research on the Impact of Technological Finance on Financial Stability: Based on the Perspective of High-Quality Economic Growth

Table 5

Estimated results of the national sample and regional samples.

	Nation	Eastern region	Middle region	Western region
TFI	0.66413	1.39995	0.66607	0.17450
	(2,23)	(4,42)	(2,98)	(2,46)
AED	1.48713	0.07335	0.28123	0.02589
	(19,04)	(0,34)	(5,48)	(1,04)
SRP	20.11013	−0.12962	0.01277	−0.06155
	(−6,10)	(−3,71)	(1,05)	(−4,63)
IRE	0.70484	−3.10045	0.29633	0.22115
	(56,88)	(−2,77)	(1,53)	(1,52)
C	2.25050	2.85388	0.03120	0.95601
	(5,01)	(6,13)	(0,29)	(10,07)
	0.57297	1.60448	0.79126	0.02459
	(2,78)	(7,62)	(3,88)	(8,79)
	0.5712	0.3818	0.1522	0.5579
	0.5234	0.2769	0.1195	0.4875
	−693.4250	−284.4302	34.1788	21.4707
Observed value	1950	715	520	162

Note: , and represent, respectively, passing 10%, 5%, and 1% significance level test. The bracketed figure is the Z statistic value.