城市化驱动投资与消费效应研究

Urbanization As Driving Force of Investment and Consumption

文章运用20世纪80年代以来主要年份的数据资料和1990、2000年的横断面资料,对中国人口城市化的投资效应和消费效应进行了比较分析。文章认为,相对于消费效应而言,中国城市化首先是一种投资效应,由此对高投资、低消费形成了推波助澜之势。

Using time series data since 1980 and cross-section data in 1990 and 2000, this paper compares effects of urbanization on investment and consumption. The author holds that the investment effect of urbanization outweighs the consumption effect, which worsens the situation of high-investment with low-consumption. Policy implications are discussed as well.