2006•Unpublished venueRequires access

Analysis About Consumption Demand Effect Based on the Co-integration

Yang Mao

Abstract

It is tested whether there exists a long equilibrium relationship between consumer confidence index and consumption demand.Using co-integration technique,the dynamic relationship is studied between consumer confidence index and the total retail sales of consumer goods in the Chinese leading cities.The results show that there is no co-integration relationship between them to any city in China.

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Key concepts: Consumer confidence index, Consumption (sociology), Index (typography), China, Consumer demand, Economics, Business, Microeconomics