The Impact of Consumer Credit on Economic Growth Taking Tongren City of Guizhou Province as an Example

Consumer credit, as a new mode of consumption in recent years, has a profound impact on people's life and economic growth. There is a large gap in the development of consumer credit, especially in less developed areas, consumption credit is more prominent. Taking Tongren city of Guizhou Province as the research object, this paper selects the data of personal consumption credit balance and GDP data in the first quarter of 2011 to the fourth quarter of 2017, verifies the influence of consumer credit on economic growth and concludes that the balance of consumer credit and economic growth in Tongren has a long term equilibrium, but there is a large degree of structural imbalance among different kinds. Keywords—personal consumption credit balance; economic growth; long-term equilibrium