empirical consumption function china

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1、2009ETPInternationalConferenceonFutureComputerandCommunicationAnEmpiricalAnalysisoftheConsumptionFunctionofChina’sRuralResidentsHUANGBing-huiYINXin-keDepartmentofPublicEconomicsDepartmentofPublicEconomicsXiamenUniversityXiamenUniversityXianen,ChinaXianen,Chinajackstudent@1

2、63.comyxinkely101@hotmail.comAbstract—ThispaperconductsanempiricaltestonJohnTheensuingsectionsofthepapergoasfollows:PartIIKeynes’sAbsoluteIncomeHypothesisandMiltongivesabriefintroductionofJohnKeynes’sAbsoluteFriedman’sLastingIncomeHypothesisusingthepublishedIncomeHypothesi

3、sandMiltonFriedman’sLastingIncomestatisticalrecordsofMainlandChinabetween1981andHypothesis.Itthenproposesaneconometricmodelwithits2007.ThenwesetouttoproposeaneconometricmodelforfocusonChina’sruralconsumers.PartIIIofthepapertheconsumptionissuesofChina’sruralresidents.Theint

4、roducestherelevantdataandanempiricaltestontheresultsshowthatthepeasants’currentincomeisthemodelproposedinPartII.Thelastpartofthepaperessentialfactorinfluencingtheruralresidents’consumption.summarizestheresultsoftheempiricaltestandgivessomeAnexcessivewealthgapproducesanegat

5、iveeffectontherecommendationsforgovernmentpolicymaking.growthofconsumptionanddomesticdemand.Thepaperalsodemonstratesthatpricehikescanaltertheresidents’II.THEORETICALBASISpriceexpectationsandcanmotivateconsumptionslightlyratherthanessentially.Consumptionisanindispensable,in

6、tegrallinkoftheeconomy.AccompanyingChina’sopening-up,theKeywords-AbsoluteIncomeHypothesis;LastingIncomeresidents’consumptionlevelshaveseenasteadyincrease.Hypothesis;consumptionfunctionPatternsofconsumption,too,havebecomediversified.However,theconsumptiongapsamongdifferentg

7、roupsI.INTRODUCTIONhavebeenwidening,promptingresearchersinandoutofChinatocomeupwithmultipletheoriestotackletheInviewoftheoutbreakoftheglobalfinancialcrisisconsumptionissues.Thispapersolelyengagesitselftotheandashrinkinginternationalmarket,expandingdomesticempiricaltestofKe

8、ynes’sAbsoluteIncomeHypothesisdemandhasbecomeapredominantissuefacingtheandFriedman’sLasti