Table 9

Industrial structure industry heterogeneity test

Test objectsVariablesStep 1Step 2Step 3Test results
ICTTrade in digital services0.0390*** (0.0128)0.0422*** (0.0110)0.0290** (0.0128)Mediation/total effect = 0.2570
Technological innovation  0.2375*** (0.0575)
Insurance and pensionsTrade in digital services−0.0043 (0.0104)0.0201** (0.0089)−0.0097 (0.0102)The mediating effect is not significant
Technological innovation  0.2684*** (0.0571)
financeTrade in digital services−0.0107 (0.0108)0.0403*** (0.0092)−0.0223** (0.0108)| Indirect effects /Direct effect | = 0.5208
Technological innovation  0.2882*** (0.0579)
Other business servicesTrade in digital services0.0622*** (0.0153)0.0721*** (0.0130)0.0467*** (0.0157)Mediation/total effect = 0.25
Technological innovation  0.2157*** (0.0583)
intellectual propertyTrade in digital services0.0208* (0.0114)0.0642*** (0.0094)0.0044 (0.0118)Mediation/total effect = 0.7868
Technological innovation  0.2549*** (0.0601)

Source(s): Table provided by the author

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