An Empirical Analysis on Consumption Effect of Chinese Growth Enterprise Market
Available Online April 2016.
- https://doi.org/10.2991/emim-16.2016.336How to use a DOI?
- Growth enterprise market; Consumption effect; State space model
- 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.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - Weijia Cui PY - 2016/04 DA - 2016/04 TI - An Empirical Analysis on Consumption Effect of Chinese Growth Enterprise Market BT - 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 - https://doi.org/10.2991/emim-16.2016.336 ID - Cui2016/04 ER -