Analysis on the Impact of Wealth Effect of Stock Market on China's GDP Growth  

股市的财富效应对我国GDP增长影响分析

作　　者：WANG Chunyu YANG Ruilin 

机构地区：[1]HarbinUniversityofCommerce,Harbin150000,China

出　　处：《外文科技期刊数据库(文摘版)经济管理》2021年第2期199-203,共5页

摘　　要：With the gradual improvement and expansion of China's capital market, the use of stock and other instruments to participate in the capital market has become a common way for residents to allocate assets, which can not only preserve the value of assets, but also enjoy the development dividend of listed companies. After the economic crisis in 2008, China's economic dependence on foreign countries dropped to 35%, so it is particularly important for China to boost domestic demand at this stage. Theoretically, the A-share market is the main market to stimulate domestic consumption. Whether the A-share market will affect residents' consumption level is highly consistent with economic development. Compared with some developed economies in the world, the share of GDP in the stock market has remained at a high level for many years. With the continuous development of China's capital market, can the wealth effect of the stock market gradually boost GDP?

关 键 词：wealth effect of stock market CONSUMPTION Shanghai and Shenzhen 300 index economic growth 

分 类 号：F832.51[经济管理—金融学]