摘要
本文构建了信贷供给情形下收入不平等对消费波动影响的微观机制模型,并使用中国省级面板数据,检验了不同经济发展水平下收入不平等、信贷供给等因素对于消费波动的影响。本文的研究发现:在经济发展水平相对较低的1988—1998年期间,中国收入不平等与消费波动呈现显著的负相关关系;在经济发展水平较高的1999—2009年期间,中国收入不平等程度与消费波动之间呈现显著的正相关关系。在所有时期信贷供给与消费波动之间都呈现负相关关系。本文的政策含义是:在当前情形下政府要稳定消费增长就需要采取措施改善收入分配不平等状况和促进金融发展,特别是向低收入阶层提供更多的金融服务。
This paper builds microscopic mechanism of the impact of income inequality on consumption volatility in the credit supply case, tests the impact of income inequality, financial development for the consumption volatility by using China’s provincial panel data. This study finds that: it shows a significant negative correlation between China’s income inequality and consumption volatility in the period 1988—1998 of relatively low level of economic development; it shows a significant positive correlation between China’s income inequality and consumption volatility in the 1999—2009 period of higher level of economic development. It shows negative relationship between credit supply and consumption volatility in all periods. Government to stabilize the growth of consumption need take measures to improve the uneven distribution of income status and promote financial development, in particular, to provide more financial services to low-income class.
出处
《经济研究》
CSSCI
北大核心
2012年第S1期4-14,共11页
Economic Research Journal
基金
国家社会科学基金重点项目"居民收入来源结构优化研究"(项目批准号:11AJL003)的阶段性成果
关键词
收入不平等
信贷供给
消费波动
Income Inequality
Credit Supply
Consumption Volatility
