关键词: 居民人均消费增长率, VAR模型, 脉冲响应函数

Abstract: Based on impulse-response function of the vector auto-regressive model and variance decomposition technique applied to empirically analyze the factors that affect the per capita consumption of China,it is found that the contribution-rate of China's per capita income growth to the fluctuation of the growth of China's per capita consumption is the largest.The growth of fixed-asset investment and per capita savings of China's residents also have relatively large contributions.Granger causality tests confirm the conclusions.China's fixed asset investment growth and per capita income growth of residents Granger causes each other;at the same time,growth in per capita consumption weakly affects the growth of China's per capita income.

Key words: the growth rate of per capita consumption of China, VAR model, impulse-response function