关键词: 消费稳定 , 消费增长 , 扩大内需

Abstract: Based on the urban and rural provincial real consumption per person data for the period of 1985—2011 in China, this paper estimates the welfare costs of consumption volatility and slowdown in consumption growth rate. The results show that the welfare cost of consumption volatility is not essentially less than the welfare cost of slowdown in consumption growth rate. As a result, Chinese government should pay attention to consumption volatility while it attaches importance to consumption growth.

Key words: consumption stability , consumption growth , expanding domestic demand