澳門的貨幣化水平、宏觀經濟指標與支柱行業的相關性研究

The paper selects the data of Macau 2000-2017 to set up the VAR model, and studies the relationship between economic growth rate, comprehensive consumer price index, circulation capital growth rate index, monetization level, and analyzes the proportion of four pillar industries and monetization level. The results show that in the short term, the level of monetization is inversely related to economic growth rate and comprehensive consumer price index. In the long term, the degree of influence is gradually weakened; the fluctuation of the level of monetization is mainly affected by its own impact; the proportion of the gaming industry is significantly negatively correlated with the level of monetization. Therefore, a moderate diversification of the industrial structure and a stable price level are conducive to raising the level of monetization in Macau.