Abstract
Research on the Relation between Real Economy and Virtual Economy
Highlights
Ran WeiCentral University of Finance and Economics, School of Economics, Haidian District, Beijing, China
In the background of the rapid expansion of global financial assets, China's virtual economy has developed rapidly
The empirical results show that the virtual economy has a negative effect on real economy impact, and the "prosperity" of virtual economy leads to a certain recession on real economy, which indicates that the "de-realisation" of capital has a significant side effect on real economy
Summary
Central University of Finance and Economics, School of Economics, Haidian District, Beijing, China. Abstract— In the middle and late of last century, the world economy shows indication that developed from real to virtual. China's economy is under influence of the tide of internationalization. The virtual economy has been expanding rapidly in recent years, while the surface is satisfactory and the essence is worrying. In combination with actual situation in China, this paper studies the relationship between virtual economy and real economy in China by vector autoregressive method. The results show that with the development of virtual economy, its influence on the structure of real economy will be stronger and stronger, while the promotion to the growth of real economy will be smaller and smaller. The virtual economy of China has a considerable crowding out effect on real economy.
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