我国总消费不足的原因探析——基于居民财产持有的视角

Analysis on China's Insufficient Consumption:Based on the Perpective of Household Wealth

内需不足造成我国经济发展出现严重失衡,影响了经济的可持续发展。导致内需不足的主要原因是居民消费的低迷。而居民消费低迷主要是由于我国居民人均财产水平过低,财产分配不合理。一方面,人均财产水平过低会通过直接和间接两种机制影响居民的消费水平;另一方面,我国居民财产分配不均与消费不足相互推动,形成恶性循环,居民消费水平难以提升。此外,我国城乡发展的巨大差距促使结构性通胀特征明显,从而降低了农村居民的财产水平,进一步降低我国的总体消费需求。因此,只有提高居民的财产水平,改善财产分配状况,才能真正推动我国内需的发展。

Insufficient domestic demand, mainly caused by low household consumption demand, has generated economic imbalance and hindered the sustainable development in China. Furthermore, the main cause of the low consumption demand is that per capita wealth is below the desirable amount as well as the improper wealth distribution. On one hand, the low per capita wealth will reduce the consumption through both direct and indirect channels; on the other hand, the interaction between inequality of wealth distribution and insufficient consumption leads to a vicious circle. As a result, it is difficult for the consumption demand to increase. In addition, the huge gap between the urban and ru ral development generates the structural inflation and hence the decrease of the wealth of the rural residents, bringing the total consumption demand down. Therefore, only through raising household wealth level and improving the wealth distribution can China promote the domestic demand.