The Relationship between the Entrepre-neur Confidence and Economic Fluctua-tion of China's Cotton-textile Industry

DOI

10.2991/icibet.2013.86How to use a DOI?

Abstract

The goal of this paper is to study the rela-tionship between entrepreneur confidence and economic fluctuation of China's cot-ton-textile industry. The entrepreneur confidence is decomposed into basic faith and animal spirit. By studying on the influence factors of basic faith, we find the gross output growth rate of cot-ton-textile industry; CPI, interest rate and China cotton index have fundamental influence on confidence of basic faith. With VAR model, the dynamic influence of animal spirit on cotton-textile industry economy is studied and found animal spirit has significant short-term effect on the economic growth of cotton-textile industry, CPI and interest rate. And the influencing mechanism is complying with characteristics of total cotton demand impact.

Copyright

© 2013, 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  - Yulan Chen
AU  - Haizheng Yang
AU  - Yulan Song
PY  - 2013/03
DA  - 2013/03
TI  - The Relationship between the Entrepre-neur Confidence and Economic Fluctua-tion of China's Cotton-textile Industry
BT  - Proceedings of the 2013 International Conference on Information, Business and Education Technology (ICIBET 2013)
PB  - Atlantis Press
SP  - 395
EP  - 402
SN  - 1951-6851
UR  - https://doi.org/10.2991/icibet.2013.86
DO  - 10.2991/icibet.2013.86
ID  - Chen2013/03
ER  -