An Empirical Analysis on Consumption Effect of Chinese Growth Enterprise Market

DOI

10.2991/emim-16.2016.336How to use a DOI?

Keywords

Growth enterprise market; Consumption effect; State space model

Abstract

Since the concept of consumption effect put forward, scholars at home and abroad mainly focus on the main board market (MBM), lacking the study of Growth Enterprise Market (GEM). This paper aims at the consumption effect on GEM with the comparison with MBM. A time-varying parameter state space model is used to examine the dynamic consumption effect of Chinese GEM and MBM, finding that both two markets have significant positive dynamic consumption effect, but there are significant differences between them, namely the former one is obviously lower than the latter one. We can draw a conclusion that both GEM and MBM have a significant consumption effect, but there are obvious differences between them.

Copyright

© 2016, 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  - Weijia Cui
PY  - 2016/04
DA  - 2016/04
TI  - An Empirical Analysis on Consumption Effect of Chinese Growth Enterprise Market
BT  - Proceedings of the 6th International Conference on Electronic, Mechanical, Information and Management Society
PB  - Atlantis Press
SP  - 1657
EP  - 1660
SN  - 2352-538X
UR  - https://doi.org/10.2991/emim-16.2016.336
DO  - 10.2991/emim-16.2016.336
ID  - Cui2016/04
ER  -