我国城乡居民消费函数的理论假说与实证检验

Hypotheses and Empirical Tests of Consumption Function of Urban and Rural Residents in China

本文采用1980-2009年的我国省级面板数据检验发现,持久收入假说和生命周期假说不能完全解释我国城乡居民的消费行为,绝对收入假说和随机游走假说对我国城乡居民消费不适用,而预防性储蓄假说和流动性约束假说适用于我国城乡居民消费。

The empirical results reveal that permanent income hypothesis and life -cycle hypothesis cannot fully explain consumer behavior of urban and rural residents in China by inter - pro- vincial panel data model for the period 1980 -2009, absolute income hypothesis and random walk hypothesis cannot apply to consumption of urban and rural residents. However, precautionary savings hypothesis and liquidity constraints hypothesis applies to consumption of urban and rural residents in China.