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Economic uncertainty will result in consumers’ unstable environment expectations, thus affecting household consumption decisions. The paper established a consumption model though using the cointegration theory and ECM model, and used the annual data from 2002 to 2021 to examine the influence of uncertain expectations on the consumption behavior of...
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Citations
... The relationship between inflation and consumer trust in brands is a complex interplay of economic, psychological, and marketing factors. Research by [12] suggests that brand loyalty is influenced by factors such as brand awareness, perceived quality, and brand associations. However, during inflation, consumers may reevaluate their loyalty as prices rise, and the perceived value proposition of brands changes. ...
... The relationship between inflation and consumer trust in brands is a complex interplay of economic, psychological, and marketing factors. Research by [12] suggests that brand loyalty is influenced by factors such as brand awareness, perceived quality, and brand associations. However, during inflation, consumers may reevaluate their loyalty as prices rise, and the perceived value proposition of brands changes. ...
... The relationship between inflation and consumer trust in brands is a complex interplay of economic, psychological, and marketing factors. Research by [12] suggests that brand loyalty is influenced by factors such as brand awareness, perceived quality, and brand associations. However, during inflation, consumers may reevaluate their loyalty as prices rise, and the perceived value proposition of brands changes. ...
... Weather affects agricultural production profoundly (Khanal et al., 2019). Natural disasters have also significantly affected agricultural production, with 11.739 million hectares of rural China affected in 2021 (Han et al., 2023). So the income of rural residents is highly uncertain (Bahmani-Oskooee & Maki Nayeri, 2020). ...
This paper examines the digital economy’s impact on rural household consumption upgrading. Existing studies remain mainly at the level of rural consumption scale and rarely address the consumption structure. The specific impact of the development of the digital economy on rural consumption upgrading and its mechanisms of action deserves in-depth study and consideration. We analyzed the related content using the fixed-effect model, the instrumental variable method (IV), the mediation effect model, and three-year panel data from the China Family Panel Studies (CFPS). This study found that, at the scale level, the digital economy contributes to expanding rural household consumption. At the structural level, the digital economy significantly increases the share of enjoyment-oriented household consumption but has no significant effect on development-oriented consumption. Income is an important transmission mechanism for the digital economy to improve rural household consumption. Besides, the impact of the digital economy on the upgrading of rural consumption varies according to income level and age.
... There are a lot of economic, psychological, and marketing factors that affect the link between inflation and customer trust in brands. According to research [12], brand loyalty is affected by things like how well people know the brand, how good they think it is, and how they feel about the brand. But when prices go up because of inflation, people may rethink how loyal they are to brands because they no longer see the same value in them. ...
Abstract: Increased risks of economic policy uncertainty and overexploitation of natural resources exist in China. At the same time, the growth rate of urban residents' consumption has generally declined. The paper analyses the role of economic policy uncertainty (EPU) and natural resource exploitation on the urban residents' consumption in China. Based on the data from the first quarter of 2002 to the third quarter of 2021, the paper uses a nonlinear autoregressive distributed lag (NARDL) model to verify the asymmetric effects. Then the paper constructs a time-varying parameter vector autoregressive model with stochastic volatility (TVP-VAR-SV) term to analyze the nonlinear responses. Impulse response analysis was used to further explain the relationship between the three. The negative impact of rising EPU on urban residents' consumption is larger than its reduction. Negative shocks to natural resource development increase the urban residents' consumption. Positive shocks reduce the urban residents' consumption. There is a time-varying non-linear effect of EPU and natural resource development on urban residents' consumption in China. The negative impact of EPU on urban consumption has been further exacerbated by major crises such as the financial crisis, COVID-19 and the post-crisis period. The negative impact of natural resource development diminished after the government introduced industrial upgrading policies and environmental regulations. This study provides constructive suggestions for the optimization of economic policies and the improvement of urban consumption. This study also enriches consumer theory and provides new evidence for the resource curse hypothesis.
