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- W2300602847 abstract "In the situation of demand deficiency in Chinese rural area,the drive capacity and durability of rural consumption and investment to Chinese economic growth have become the major factors affecting the econocy stimulus by control policies,such as expanding rural demand.In this paper,the dynamic relations between Chinese rural consumption,investment and economic growth were analyzed based on vector auto regression(VAR) model.Empirical results showed that,there was a two-way Granger Causality between rural consumption increasing and economic growth.Rapid economic growth and rural consumption demand increasing are Granger Cause of rural investment expanding,but the reverse causality is untenable.Compared to the investment contribution,the contribution of rural consumption to economic growth is greater,and the influence is much longer.For rapid growth of Chinese economy,rural consumption potentiality should be tapped thoroughly to play its economy-drive function,based on long-term stability of the economic policy." @default.
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- W2300602847 date "2010-01-01" @default.
- W2300602847 modified "2023-09-24" @default.
- W2300602847 title "Dynamic Relationship of Chinese Rural Consumption,Investment and Economic Growth with a Vector Auto Regression (VAR) Model" @default.
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