摘要
采用1981年～2007年数据,用协整和误差修正模型分析了我国国债对民间消费的效率,分析表明:无论是从长期还是短期看,国债的存量和流量都促进了我国的民间消费;我国国债符合"凯恩斯主义"理论,"李嘉图主义"关于国债理论在中国不成立。
Having analyzed the efficiency of government bonds on private consumption in China between 1981 and 2007 by co-integration test and error correction model, the empirical analysis shows that stock and flow of government bonds promotes private consumption either in the long-term or on a short-term basis and government bonds are in line with ＂Keynesian＂ theory but ＂Ricardian＂ theory does not work in China.
出处
《当代经济管理》
2009年第7期73-75,共3页
Contemporary Economic Management
关键词
民间消费
国债
协整
误差修正模型
private consumption
government bonds
co-integration
error correction model
