Data from 1978 to 2002 and a state space model are used to make empirical study for the consumer behavior of Chinese urban residents.The main conclusions are:First,before 1990 the long-run ratio between consumption an...Data from 1978 to 2002 and a state space model are used to make empirical study for the consumer behavior of Chinese urban residents.The main conclusions are:First,before 1990 the long-run ratio between consumption and income was relatively stable;however,after 1990 both long-run MPC and long-run APC have been declining continuously.Secondly,affected by the declining ratio of long-run Equilibrium,trends of consumption and income have turned to be.展开更多
Engel’s coefficient of urban residents in China has been falling much faster th an before since 1996 with the following abnormal phenomena:(1) Comparing with that of 1996,Engel’s coefficient fell instead of rising,w...Engel’s coefficient of urban residents in China has been falling much faster th an before since 1996 with the following abnormal phenomena:(1) Comparing with that of 1996,Engel’s coefficient fell instead of rising,when per capita real disposable income of the urban households with lowest income decreased in 2002 ;(2) Households’ real disposable income increased faster,while their Engel ’s index fell more slowly. This paper,making use of the survey data on urban r esidents’ income and expenditure by levels of income in each year from 1996 to 2002, and Modern econometric model,did the empirical research on above phenomen a and reached the conclusions:(1) Both crowd-out-effect and restrain effect on food consumption contributed by excessively fast rise of tuition,child care fee and health care service expense were the main reasons for the distortion of Engel’s coefficient,because consumption on education and health care was produ ctive consumption.(2) Rising in prices of education and medicine care made rem arkable impact on the proportion of food expenditure in households with middle a nd low income. The impact showed more tremendous in lower income households,but milder in households with high and highest income; however,disposable income h ad the opposite effect on Engel’s coefficient. That means rising of productive consumption expectation price was the main reason for descending of proportion o f food expenditure in households with middle and low income.展开更多
文摘Data from 1978 to 2002 and a state space model are used to make empirical study for the consumer behavior of Chinese urban residents.The main conclusions are:First,before 1990 the long-run ratio between consumption and income was relatively stable;however,after 1990 both long-run MPC and long-run APC have been declining continuously.Secondly,affected by the declining ratio of long-run Equilibrium,trends of consumption and income have turned to be.
文摘Engel’s coefficient of urban residents in China has been falling much faster th an before since 1996 with the following abnormal phenomena:(1) Comparing with that of 1996,Engel’s coefficient fell instead of rising,when per capita real disposable income of the urban households with lowest income decreased in 2002 ;(2) Households’ real disposable income increased faster,while their Engel ’s index fell more slowly. This paper,making use of the survey data on urban r esidents’ income and expenditure by levels of income in each year from 1996 to 2002, and Modern econometric model,did the empirical research on above phenomen a and reached the conclusions:(1) Both crowd-out-effect and restrain effect on food consumption contributed by excessively fast rise of tuition,child care fee and health care service expense were the main reasons for the distortion of Engel’s coefficient,because consumption on education and health care was produ ctive consumption.(2) Rising in prices of education and medicine care made rem arkable impact on the proportion of food expenditure in households with middle a nd low income. The impact showed more tremendous in lower income households,but milder in households with high and highest income; however,disposable income h ad the opposite effect on Engel’s coefficient. That means rising of productive consumption expectation price was the main reason for descending of proportion o f food expenditure in households with middle and low income.
