An Empirical Analysis of the Development of Stock Market and the Income Gap between Urban and Rural Areas

DOI

10.2991/assehr.k.191221.154How to use a DOI?

Keywords

Urban and Rural Income Gap, Stock Market Development, Co-Integration Test, Granger Causality Test

Abstract

The impact of the development of the stock market on the income gap between urban and rural areas is one of the issues that the financial theorists and the industry pay close attention to. This paper uses the 2005-2019 China stock market development data and urban and rural residents’ income data as an object of the research, and uses Granger causality test to analyze the relationship between stock market development and urban and rural income gap. We find that the development of the stock market has a significant positive impact on reducing the income gap between urban and rural areas. Therefore, the state should speed up the development of the stock market and improve financial efficiency through the development of the stock market.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Guozheng Hao*
PY  - 2020
DA  - 2020/01/09
TI  - An Empirical Analysis of the Development of Stock Market and the Income Gap between Urban and Rural Areas
BT  - Proceedings of the 2019 3rd International Conference on Education, Economics and Management Research (ICEEMR 2019)
PB  - Atlantis Press
SP  - 644
EP  - 647
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.191221.154
DO  - 10.2991/assehr.k.191221.154
ID  - Hao*2020
ER  -