The Impact of Consumer Credit on Economic Growth Taking Tongren City of Guizhou Province as an Example

DOI

10.2991/iccese-19.2019.378How to use a DOI?

Keywords

personal consumption credit balance; economic growth; long-term equilibrium

Abstract

Consumer credit, as a new mode of consumption in recent years, has a profound impact on people's life and economic growth. There is a large gap in the development of consumer credit, especially in less developed areas, consumption credit is more prominent. Taking Tongren city of Guizhou Province as the research object, this paper selects the data of personal consumption credit balance and GDP data in the first quarter of 2011 to the fourth quarter of 2017, verifies the influence of consumer credit on economic growth and concludes that the balance of consumer credit and economic growth in Tongren has a long term equilibrium, but there is a large degree of structural imbalance among different kinds.

Copyright

© 2019, 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  - Hong Peng
PY  - 2019/04
DA  - 2019/04
TI  - The Impact of Consumer Credit on Economic Growth Taking Tongren City of Guizhou Province as an Example
BT  - Proceedings of the 3rd International Conference on Culture, Education and Economic Development of Modern Society (ICCESE 2019)
PB  - Atlantis Press
SP  - 1722
EP  - 1726
SN  - 2352-5398
UR  - https://doi.org/10.2991/iccese-19.2019.378
DO  - 10.2991/iccese-19.2019.378
ID  - Peng2019/04
ER  -