An Empirical Research On Bank Card’s Support Effect On Economy Growth Of China

Chinese economy can hardly be away from the influence of the world economy, considering the ground of the globalization of economy. With the deterioration of world economic crisis, Chinese exports, one of the troika Pulling China’s economy has been deeply effected, which means a big challenge to the sustainable, healthy and rapid development of Chinese economyMeanwhile, though the government announced an increase of RMB4000billion government expenditure in2008, it is not the best choice to promote sustainable development of Chinese economic growth on the basis of expanding government expenditure in the long term, because of the time lag effect and the crowding out effect towards non-government investment that accompany government expenditure, and the limited increase of government expenditure which is restricted by the amount of government deficit.As a result, the spontaneous increase of the consumption of Chinese residents and non-government investment become the core power pushing the growth of Chinese economy, when export is blocked and government expenditure has its own restrictions. Bank card has both the function of electronic currency and consumer credit which means the wide usage of Bank card will promote the spontaneous increase of consumption to a certain extent thus, helping the sustainable development of Chinese economy.This thesis constructs a theoretical model between Bank card and economy growth and a model construing the relationship between Bank card and economy growth of China, after having made a brief conclusion and analysis of related literatures.It also performs theoretical and empirical analysis of the dynamic relationship between Bank card and economy growth of China, and further validates and explains the mechanism that Bank card influences Chinese economy growth, based on the total volume analysis and structural analysis of Bank card and economy growth of China.This thesis contains five Parts:Chapter one firstly explains the back grounds and the existing questions of the subject, the significance of this subject, the corresponding research method, source and innovative aspects. Chapter one secondly makes a brief conclusion and analysis of current research outputs on the relationship between the usage of bank card and economy growth of China and outlines the research guideline of this thesis.Chapter two states the development of China’s bankcard industry. This chapter use some specific digital to state the development of China’s bank card industry and the gap between china and Western developed countries.Chapter three analyzes Bank card and economy growth theory, builds and construes a theoretical model between Bank card and economy growth from four aspects, respectively that the usage of Bank card reduces social exchange fee, the usage of Bank card increases social investment, the usage of Bank card enlarges consumption of residents and the usage of Bank card decreases net export, according to a brief analysis of the electronic currency function and consumer credit function of Bank cardChapter four performs empirical analysis of the relationship between Bank card and economy growth of China, and further a total volume analysis and structural analysis of Bank card and economy growth of China.Chapter five is conclusion and suggestions.This thesis has made five conclusions, that(1) bank card and the economy growth of China has Positive correlation in total amount.(2)the wide usage of bank card will decrease the social exchange cost of the operation of the economy;(3)when the outside currency supply has been fixed, the use of bank card will reduce the total cash demand of residents, decrease the equilibrium rate of interest on the currency market.(4)there is an positive correlation between the consumption amount by bank card and the total consumption expenditure by residents in China, which means bank card does well promote consumption:(5)The consumption amount by bank card affect the total import volume in general trade which means bank card influence net export effectively.There are two innovative aspects in this thesis.(1)Constructing a theoretical model between bank card and economy growthBased on the analysis of the Payment-settlement and consumer credit function of bank card, this thesis builds a complete theoretical model between bank card and economy growth from four aspects, respectively that the usage of bank card reduces social exchange fee, the usage of bank card increases social investment, the usage of bank card Enlarges consumption of residents and the usage of bank card decreases net export, explaining the relationship between bank card and economy growth theoretically.(2)Constructing a model constructing the relationship between bank card and economy growth of China.This thesis builds a model constructing the relationship between bank card and economy growth of China, performs total volume analysis and structural analysis of the relationship between bank card and economy growth of China, and further validates and explains the mechanism that bank card influences Chinese economy growth.