The Analysis of Public Welfare Lottery and Macroeconomic Index
Date Issued
2013
Date
2013
Author(s)
Hsueh, Hsiang-Chih
Abstract
I use the empirical data from January 2007 to June 2013 to build a model to testify the changes between lottery sales and some important macroeconomic indicators. By using the consumer price index, unemployment rate, real average monthly earnings in industry and services, annual growth rate of industrial production index, the stock market trading volume, real estate trends score, loans and investments of monetary financial institutions, and m1b, I try to validate the relationship of the macroeconomic variables with the lottery sales.
The result of the model shows that there is a significant positive correlation between lottery sales and the amount of jackpot lottery. Moreover, New Year effect, loans and investments of monetary financial institutions, both have a significant positive correlation with the lottery sales. On the contrary, there is a significant negative correlation between the lottery sales and the real average monthly earnings in industry and services, also with the stock market trading volume.
Furthermore, the result shows that there is a positive correlation between the amount of lottery sales and consumer price index, but not significant. Meanwhile, there is also a positive correlation between the extra amount of lottery bonus and the sales, but not significant.
Last but not least, the amount of lottery sales is negative correlated with the unemployment rate, annual growth rate of industrial production index, and real estate trends score, though not significant.
Subjects
公益彩券
景氣循環
工業及服務業實質平均薪資
股市成交量
全體貨幣機構放款與投資
SDGs
Type
thesis
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