The Relationship between the Entrepreneur Confidence and Economic Fluctuation of Chinas Cotton-textile Industry
The goal of this paper is to study the relationship between entrepreneur confidence and economic fluctuation of Chinas cotton-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 ot cotton-textlie 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.
entrepreneur confidence animal spirit economic fluctuation of cotton-textile industry CPI
Yulan Chen Haizheng Yang Yulan Song
School of Management,University of Chinese Academy of Sciences,Beijing,100190;School of Economy&Trad School of Management,University of Chinese Academy of Sciences,Beijing,100190;Academy of macroeconom School of Economy&Trade,Xinjiang Agriculture University,Urumqi,China,830000;Key Research Center of H
国际会议
北京
英文
392-399
2013-03-14(万方平台首次上网日期,不代表论文的发表时间)