Consumer expectation and output growth: The case of China

Cheng Li

Economics Letters, 2011, vol. 113, issue 3, 298-300

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: Consumer expectation; Output growth; Sunspot; Vector-autoregression (search for similar items in EconPapers)
JEL-codes: C82 E21 E32 E37 (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:113:y:2011:i:3:p:298-300

DOI: 10.1016/j.econlet.2011.08.023

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