Consumer expectation and output growth: The case of China |
| |
Authors: | Cheng Li |
| |
Institution: | Institute of Economics, Chinese Academy of Social Sciences, China |
| |
Abstract: | This study shows that China’s Consumer Expectation Index contains useful information about pure expectation shocks, which are unrelated to economic fundamentals. It turns out that such shocks are likely to be an important independent driver of industrial output growth. |
| |
Keywords: | E21 E32 E37 C82 |
本文献已被 ScienceDirect 等数据库收录! |
|