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Consumer expectation and output growth: The case of China

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  • Li, Cheng

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.

Suggested Citation

  • Li, Cheng, 2011. "Consumer expectation and output growth: The case of China," Economics Letters, Elsevier, vol. 113(3), pages 298-300.
    • Handle: RePEc:eee:ecolet:v:113:y:2011:i:3:p:298-300
    DOI: 10.1016/j.econlet.2011.08.023
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    References listed on IDEAS

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    Cited by:

    1. Atsuo Utaka, 2014. "Consumer Confidence and the Japanese Economy -Comparison of Pre- and Post-Bubble Period-," Economics Bulletin, AccessEcon, vol. 34(2), pages 1165-1173.
    2. Petar Sorić, 2020. "“Normal†growth of the Chinese economy: new metrics based on consumer confidence data," Economics Bulletin, AccessEcon, vol. 40(2), pages 1740-1746.
    3. Chatterjee, Sheshadri & Mariani, Marcello & Fosso Wamba, Samuel, 2023. "Prosumers’ intention to co-create business value and the moderating role of digital media usage," Journal of Business Research, Elsevier, vol. 163(C).
    4. Tanweer Ul Islam & Muhammad Naeem Mumtaz, 2016. "Consumer Confidence Index and Economic Growth: An Empirical Analysis of EU Countries," EuroEconomica, Danubius University of Galati, issue 2(35), pages 17-22, November.

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    More about this item

    Keywords

    Consumer expectation; Output growth; Sunspot; Vector-autoregression;
    All these keywords.

    JEL classification:

    • E21 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Consumption; Saving; Wealth
    • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
    • E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
    • C82 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access

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