Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)

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Relationship Between Market Confidence Management and Economic Growth-Based on VAR Model

Authors
Zhudan Li1, *, Jiang Guo1
1School of Business, Chengdu College of University of Electronic Science and Technology of China, Chengdu, Sichuan, China
*Corresponding author. Email: lizhudancg@163.com
Corresponding Author
Zhudan Li
Available Online 20 December 2022.
DOI
10.2991/978-94-6463-030-5_30How to use a DOI?
Keywords
VAR Model; Granger Causality Test; Confidence Management; Economic Growth
Abstract

By selecting the data from the National Bureau of Statistics and the People’s Bank of China from the first quarter of 2005 to the second quarter of 2020, the VAR model was established, Granger causality test and impulse response function were used to analyze the dynamic relationship between banker confidence, aggregate loan demand index, entrepreneur confidence, consumer confidence and real estate market confidence with macro-economy. The empirical analysis shows that bankers’ confidence and the overall loan demand index have a significant influence on the macroeconomy, while entrepreneurs’ confidence can influence the economy through the transmission of the loan demand index and bankers’ confidence. Consumer expectations have no significant impact on economic fluctuations in the short term. Based on the empirical analysis, attention should be paid to the management of market confidence after the epidemic, especially the improvement of confidence in bank letters. The formulation of various policies should include the confidence of all parties.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
Series
Atlantis Highlights in Intelligent Systems
Publication Date
20 December 2022
ISBN
10.2991/978-94-6463-030-5_30
ISSN
2589-4919
DOI
10.2991/978-94-6463-030-5_30How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhudan Li
AU  - Jiang Guo
PY  - 2022
DA  - 2022/12/20
TI  - Relationship Between Market Confidence Management and Economic Growth-Based on VAR Model
BT  - Proceedings of the 2022 International Conference on Bigdata Blockchain and Economy Management (ICBBEM 2022)
PB  - Atlantis Press
SP  - 283
EP  - 298
SN  - 2589-4919
UR  - https://doi.org/10.2991/978-94-6463-030-5_30
DO  - 10.2991/978-94-6463-030-5_30
ID  - Li2022
ER  -