Correlation with Internet Finance and Residence Consumption
Jing Tie, Wenjing Zhao, Yu Dai
Available Online October 2017.
- https://doi.org/10.2991/isbcd-17.2017.6How to use a DOI?
- Internet finance Chinese financial system dynamic time series model
- Cui (2014) illustrated that, in recent years, the development of Chinese Internet finance has not only deeply changed Chinese financial system, but also influenced the way people live as well. China is spending a period, which transferred the cash society to cashless society. Market participants will become a whole through the Internet. Internet finance has led to non-financial institutions involved in the financial services industry, which represented by electricity business enterprises. And Internet finance has caused a great impact on the past model of financial industry. However, Chinese researchers are less likely to analyze the Internet finance impact on consumers in a macro perspective. This paper will use the dynamic time series model to analyze the impact of GDP and Internet payments on Chinese residents' consumption. The data range is from 2005 to 2015. The results show that GDP and Internet payments have had a positive impact on Chinese residents' consumption.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Jing Tie AU - Wenjing Zhao AU - Yu Dai PY - 2017/10 DA - 2017/10 TI - Correlation with Internet Finance and Residence Consumption BT - 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017) PB - Atlantis Press SP - 25 EP - 28 SN - 2352-5428 UR - https://doi.org/10.2991/isbcd-17.2017.6 DO - https://doi.org/10.2991/isbcd-17.2017.6 ID - Tie2017/10 ER -