人民币汇率变动、城乡收入差距与居民消费被引量：10

RMB Exchange Rate Changes,Urban-rural Income Gap and Household Consumption

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摘要中国经济转轨过程中的金融管制和金融体系二元化特征放大了汇率变动的收入分配效应。将人民币汇率变动的收入分配效应引入到汇率变动的消费效应评估中,从理论和实证角度考察人民币汇率变动对居民消费的影响效应及收入分配机制在汇率变动消费效应中发挥的作用。结果表明,人民币兑美元实际汇率变化对居民消费率和消费结构均有显著影响;具体来看,人民币升值有利于提高城乡居民消费率,但不利于推动"生存型消费"向"享受型消费"的结构升级。此外,研究确证收入分配效应在人民币汇率变动的消费效应中起重要中介传导作用。 The financial regulation and dual financial systems in China have enhanced the income distribution effect brought about by RMB exchange rate changes. Therefore,the income distribution effect of RMB reforms should be taken into account in evaluating macroeconomic effects of this reform. This paper introduces the income distribution effect of RMB exchange rate changes into the evaluation of impact on consumption and analyzes the role of distribution channel in the impact of RMB exchange rate changes on household consumption. Empirical findings show that RMB appreciation helps to raise household consumption rate,but impedes the up-gradation of consumption structure. Besides,the paper proves that income distribution channel plays an important role in the transmission of RMB exchange rate changes to household consumption.

作者李颖高建刚

机构地区山东大学经济学院聊城大学商学院

出处《广东财经大学学报》 CSSCI 北大核心 2016年第2期43-56,共14页 Journal of Guangdong University of Finance & Economics

基金国家社会科学基金一般项目(15BGJ034) 教育部人文社科青年基金项目(14YJC790072)

关键词人民币汇率汇率变动城乡收入差距居民消费收入分配效应消费效应 RMB exchange rate exchange rate change urban-rural income gap household consumption income distribution effect consumption effect

分类号 F126 [经济管理—世界经济] F832.6 [经济管理—金融学]

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