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The Impact of Internet Consumption on China’s Economic Development

Wu, Yue LU (2014) EKHM52 20141
Department of Economic History
Abstract
This thesis explores the impact of Internet consumption development in China through examining the causal relationship between Internet consumption and GDP under a bivariate VAR model, and between Internet consumption and traditional consumption, telecommunication industry, and express delivery industry under a multivariate VAR model using quarterly data from 2006-2013. The causal relationship between variables is investigated by the approach of Granger causality following Toda-Yomamoto procedure. The empirical results indicate a strong bi-directional causality between Internet consumption and GDP, between Internet consumption and traditional consumption, and between Internet consumption and telecommunication industry. Meanwhile, the... (More)
This thesis explores the impact of Internet consumption development in China through examining the causal relationship between Internet consumption and GDP under a bivariate VAR model, and between Internet consumption and traditional consumption, telecommunication industry, and express delivery industry under a multivariate VAR model using quarterly data from 2006-2013. The causal relationship between variables is investigated by the approach of Granger causality following Toda-Yomamoto procedure. The empirical results indicate a strong bi-directional causality between Internet consumption and GDP, between Internet consumption and traditional consumption, and between Internet consumption and telecommunication industry. Meanwhile, the results also show a unidirectional causality form Internet consumption to express delivery industry. All these test results support the hypothesis that the rapid development of Internet consumption has positive influence on China’s economic development, which is consistent with country’s current strategy to put domestic consumption as driving force for economic growth. (Less)
Please use this url to cite or link to this publication:
author
Wu, Yue LU
supervisor
organization
course
EKHM52 20141
year
type
H2 - Master's Degree (Two Years)
subject
keywords
traditional consumption., Granger-causality, economic development, Internet consumption
language
English
id
4499442
date added to LUP
2014-06-24 13:18:57
date last changed
2014-06-24 13:18:57
@misc{4499442,
  abstract     = {{This thesis explores the impact of Internet consumption development in China through examining the causal relationship between Internet consumption and GDP under a bivariate VAR model, and between Internet consumption and traditional consumption, telecommunication industry, and express delivery industry under a multivariate VAR model using quarterly data from 2006-2013. The causal relationship between variables is investigated by the approach of Granger causality following Toda-Yomamoto procedure. The empirical results indicate a strong bi-directional causality between Internet consumption and GDP, between Internet consumption and traditional consumption, and between Internet consumption and telecommunication industry. Meanwhile, the results also show a unidirectional causality form Internet consumption to express delivery industry. All these test results support the hypothesis that the rapid development of Internet consumption has positive influence on China’s economic development, which is consistent with country’s current strategy to put domestic consumption as driving force for economic growth.}},
  author       = {{Wu, Yue}},
  language     = {{eng}},
  note         = {{Student Paper}},
  title        = {{The Impact of Internet Consumption on China’s Economic Development}},
  year         = {{2014}},
}