Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)

Correlation with Internet Finance and Residence Consumption

Authors
Jing Tie, Wenjing Zhao, Yu Dai
Corresponding Author
Jing Tie
Available Online October 2017.
DOI
10.2991/isbcd-17.2017.6How to use a DOI?
Keywords
Internet finance Chinese financial system dynamic time series model
Abstract

Cui (2014) illustrated that, in recent years, the development of Chinese Internet finance has not only deeply changed Chinese financial system, but also influenced the way people live as well. China is spending a period, which transferred the cash society to cashless society. Market participants will become a whole through the Internet. Internet finance has led to non-financial institutions involved in the financial services industry, which represented by electricity business enterprises. And Internet finance has caused a great impact on the past model of financial industry. However, Chinese researchers are less likely to analyze the Internet finance impact on consumers in a macro perspective. This paper will use the dynamic time series model to analyze the impact of GDP and Internet payments on Chinese residents' consumption. The data range is from 2005 to 2015. The results show that GDP and Internet payments have had a positive impact on Chinese residents' consumption.

Copyright
© 2017, 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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Volume Title
Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)
Series
Advances in Economics, Business and Management Research
Publication Date
October 2017
ISBN
10.2991/isbcd-17.2017.6
ISSN
2352-5428
DOI
10.2991/isbcd-17.2017.6How to use a DOI?
Copyright
© 2017, 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/).

Cite this article

TY  - CONF
AU  - Jing Tie
AU  - Wenjing Zhao
AU  - Yu Dai
PY  - 2017/10
DA  - 2017/10
TI  - Correlation with Internet Finance and Residence Consumption
BT  - Proceedings of the 2nd International Symposium on Business Corporation and Development in South-East and South Asia under B&R Initiative (ISBCD 2017)
PB  - Atlantis Press
SP  - 25
EP  - 28
SN  - 2352-5428
UR  - https://doi.org/10.2991/isbcd-17.2017.6
DO  - 10.2991/isbcd-17.2017.6
ID  - Tie2017/10
ER  -