Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)

The Relationship between the Consumer Credit and the Expected Income Based on the Theory of Adaptive Expectation

Authors
Yili Hu, Yuanyuan Li
Corresponding Author
Yili Hu
Available Online October 2017.
DOI
https://doi.org/10.2991/isbcd-17.2017.11How to use a DOI?
Keywords
Consumer credit; expected income; adaptive expectation
Abstract
Although the development of Chinese consumer credit is very fast, the development of consumer credit is not optimistic due to the expectations of residents. There is still a big gap with western countries. The study of the relationship between consumer credit and expected income has important practical significance. This paper first briefly presents the related theories of consumer credit, expected income, and the relationship between consumer credit and expected income, analyzes the growth situations of consumer credit and expected income of Chinese urban residents. Using ADF test, co-integration test and Granger causality test this paper empirically analyzes the relationship between consumer credit and expected income. The results show that the expected income affects the consumer credit. According to the results, some suggestions are put forward, such as increasing the urban residents' income and innovating consumer credit.
Open Access
This is an open access article distributed under the CC BY-NC license.

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Cite this article

TY  - CONF
AU  - Yili Hu
AU  - Yuanyuan Li
PY  - 2017/10
DA  - 2017/10
TI  - The Relationship between the Consumer Credit and the Expected Income Based on the Theory of Adaptive Expectation
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  - 47
EP  - 52
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-17.2017.11
DO  - https://doi.org/10.2991/isbcd-17.2017.11
ID  - Hu2017/10
ER  -