影响居民消费行为的信贷条件分析——基于2002～2009年我国城镇居民消费的实证研究

Analysis of Credit Conditions Affecting Consumer Behavior:An Empirical Study Based on Consumption Data of Urban Residents in China from 2002～2009

我国城镇居民消费对收入的过度敏感性较强,面临流动性约束的居民占比较高,影响收入增长的政策能够对消费起到刺激作用。但是以消费信贷额、借贷利差表示的信贷条件对居民消费的促进作用并不明显。进一步的考察显示,消费信贷资源没有流向最有可能面临流动性约束的低收入群体,是其未能对消费形成有力影响的原因所在。

The consumption of urban residents has significant excessive sensitivity to their income.Large numbers of residents under liquidity constraints exist.So policies affecting the income growth can play a stimulating effect on consumption.However,the effect from credit constrains such as consumption credit are insignificant.The fact that the consumption credit resources have not directed to the low income groups can explain the insignificant effect of the credit to the consumption.