Research on the Relationship between Internet Finance and Domestic Consumption

DOI

10.2991/icmess-18.2018.378How to use a DOI?

Keywords

Internet finance; Co-integration theory; Domestic consumption; Granger

Abstract

In recent years, third party internet payment which is the part of Internet finance has occupied financial markets rapidly due to its own advantages of convenient payment, convenient application and time saving. Internet finance has brought the challenge to traditional finance, and at the same time, it is changing the consumers’ behavior. Based on the co-integration theory of econometrics, this paper conducts an empirical research on Internet finance and domestic consumption in China. The results show that the total domestic consumption and Internet finance have a significant positive long-term equilibrium relationship. In the long term, the expansion of Internet financial scale can become the Granger cause of the change of total domestic consumption through the co-integration relationship. Therefore, Internet finance promotes the growth of domestic consumption.

Copyright

© 2018, 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  - Yue Hu
PY  - 2018/06
DA  - 2018/06
TI  - Research on the Relationship between Internet Finance and Domestic Consumption
BT  - Proceedings of the 2018 2nd International Conference on Management, Education and Social Science (ICMESS 2018)
PB  - Atlantis Press
SP  - 1707
EP  - 1711
SN  - 2352-5398
UR  - https://doi.org/10.2991/icmess-18.2018.378
DO  - 10.2991/icmess-18.2018.378
ID  - Hu2018/06
ER  -