财政支出倾向、金融市场失衡与城乡收入差距

Fiscal Expenditure Tendencies,Financial Market Imbalances and Urban-Rural Income Gap

本文基于新古典增长理论,构建了一个刻画财政支出倾向、金融市场失衡与城乡收入差距之间关系的动态一般均衡模型,并使用1996—2010年间中国宏观经济统计数据进行参数校准和数值模拟。研究结果表明,在其他因素不变的情况下,城乡金融市场发展差异性对城乡收入差距有显著影响,财政支出倾向的影响次之。财政支出的城市倾向策略,一方面促进了城市经济的发展,另一方面也不可避免地扩大了城乡收入差距。最后,本文据此给出了政策建议。

We build a dynamic general equilibrium model to capture the relationship between financial market imbalances, government investment tendency and urban-rural income gap, then we use the 1996-2010 Chinese macro-statistic data to calibrate and numerical simulate the model. Based on the model study, this paper comes to believe that the factors about financial markets have much bigger influence comparing with the government fiscal investment. Especially, the urban tendency of government fiscal investment strategy will undoubtedly promote urban economic development and further expand the income gap between urban and rural residents.