Both habit persistence and rigidity are basic important characteristic of consumer behavior.Household can receive utility not only from consumption but also from save.The quantity of utility received by household is n...Both habit persistence and rigidity are basic important characteristic of consumer behavior.Household can receive utility not only from consumption but also from save.The quantity of utility received by household is not determined by the level of current consumption and save,but is determined by the growth quantity of both current consumption and save relative to their habit formation levels.According to the characteristics of consumer behavior,this paper constructs a new utility function for household increment utility function,and derives a new consumption function by optimum of consumer behavior.Using the Chinese data,the empirical study shows that the new consumption function is fitted well with consumer behavior.展开更多
This paper explores both the theoretical and empirical function of prices upon grain production in China. Because farms maximize their gains from grain production,the price of grain and the price of agricultural produ...This paper explores both the theoretical and empirical function of prices upon grain production in China. Because farms maximize their gains from grain production,the price of grain and the price of agricultural production means will affect grain production. Through theoretical and empirical analyses,we found that the series of yield of grain,sown areas of grain,price index of grain and price index of agricultural production means are cointegrated. The action of price expectation also shows lag cointegration and contemporaneous cointegration among these series.展开更多
Both neoclassical growth theory and endogenous growth theory consider that each economy has an equilibrium path and eventually convergs its equilibrium path. Based on modern economic growth theory, this paper first in...Both neoclassical growth theory and endogenous growth theory consider that each economy has an equilibrium path and eventually convergs its equilibrium path. Based on modern economic growth theory, this paper first introduces a time series model of equilibrium growth path and its error correction model, then builds Chinese long run equilibrium growth model and its short run linear error correction model using ADF test for integration and Engle Granger method for cointegration.展开更多
The author argues that the education of statistics at higher level should be associated with the development of modern statistics and socio economy, and suggests that we should combine the education of statistical the...The author argues that the education of statistics at higher level should be associated with the development of modern statistics and socio economy, and suggests that we should combine the education of statistical theories and methodologies with a concrete subject.展开更多
The proportion of service industry in China has been lower and risen slowly over along period of time,which has become a puzzle of economic development process in China.Using theoretical and empirical analysis,this pa...The proportion of service industry in China has been lower and risen slowly over along period of time,which has become a puzzle of economic development process in China.Using theoretical and empirical analysis,this paper demonstrates that the proportion growth of service industry has nonlinear stage characteristic,and gives a kind of interpretation about the puzzle of service industry development in China.展开更多
文摘Both habit persistence and rigidity are basic important characteristic of consumer behavior.Household can receive utility not only from consumption but also from save.The quantity of utility received by household is not determined by the level of current consumption and save,but is determined by the growth quantity of both current consumption and save relative to their habit formation levels.According to the characteristics of consumer behavior,this paper constructs a new utility function for household increment utility function,and derives a new consumption function by optimum of consumer behavior.Using the Chinese data,the empirical study shows that the new consumption function is fitted well with consumer behavior.
文摘This paper explores both the theoretical and empirical function of prices upon grain production in China. Because farms maximize their gains from grain production,the price of grain and the price of agricultural production means will affect grain production. Through theoretical and empirical analyses,we found that the series of yield of grain,sown areas of grain,price index of grain and price index of agricultural production means are cointegrated. The action of price expectation also shows lag cointegration and contemporaneous cointegration among these series.
文摘Both neoclassical growth theory and endogenous growth theory consider that each economy has an equilibrium path and eventually convergs its equilibrium path. Based on modern economic growth theory, this paper first introduces a time series model of equilibrium growth path and its error correction model, then builds Chinese long run equilibrium growth model and its short run linear error correction model using ADF test for integration and Engle Granger method for cointegration.
文摘The author argues that the education of statistics at higher level should be associated with the development of modern statistics and socio economy, and suggests that we should combine the education of statistical theories and methodologies with a concrete subject.
文摘The proportion of service industry in China has been lower and risen slowly over along period of time,which has become a puzzle of economic development process in China.Using theoretical and empirical analysis,this paper demonstrates that the proportion growth of service industry has nonlinear stage characteristic,and gives a kind of interpretation about the puzzle of service industry development in China.
