中国居民消费率太低吗

Is China's Household Consumption Rate Too Low

中国的消费率,特别是居民消费率长期不高,并在近十年逐年走低。通过国际比较研究发现,中国居民消费率被低估。究其原因,是投资中的漏出部分流向了私人,以及居民收入的低估,更多是因为对服务业的统计不健全,对住房等自有商品定价过低,企业支付与企事业单位福利对个人社会化消费的替代,加之住户调查技术性低估等造成的。通过对基于市场价格的自有住房等效租金的重新估算,发现调整后的居住消费支出占比GDP达到了14%,高于统计年鉴中的6%,仅自有住房等效租金的重新调整就提高了5到6个百分点的居民消费率。

China＇ s consumption rate is widely believed to be too low. In this paper, we makes a comparion in the world wide, and we show that official statistics have significantly underestimated Chinese household consumption. First, the servive comumption is significantly underestimate; Second, housing consumption is grossly underestimated due to the construction cost - based method. Third, a lot of private consumption is paid for by companies but can＇ t be accounted for in official statistics. Fourth, high - income households are underrepresented in the household surveys. Our re - estimation suggests that the rate of China＇ s housing consumption is more than 14% of GDP, considerably higher than the official 6% of GDP.