经济理论与经济管理 ›› 2008, Vol. ›› Issue (6): 5-10.

• 学术前沿 •    下一篇

基于面板协整的地方政府支出与居民消费关系的实证检验

楚尔鸣, 鲁旭   

  1. 湘潭大学商学院 湖南湘潭 411105
  • 收稿日期:2008-03-09 出版日期:2008-06-16 发布日期:2012-03-01

AN EMPIRICAL ANALYSIS ON THE RELATION OF LOCAL GOVERNMENT EXPENDITURE AND RESIDENT'S CONSUMPTION BASED ON PANEL COINTEGRATION

CHU Er-ming, LU Xu   

  1. Business School of Xiangtan University, Xiangtan Hunan 411105, China
  • Received:2008-03-09 Online:2008-06-16 Published:2012-03-01

摘要: 通过构建政府支出与居民消费跨期替代模型,并利用1990—2005年27个省(市、自治区)相关数据进行面板协整检验和完全修正普通最小二乘估计,我们可以看到,中国地方政府支出与居民消费呈现较弱的互补关系。因此,需要改变地方政府的投资结构,提高政府支出的消费效应。

关键词: 政府支出, 居民消费, 面板协整

Abstract: Based on a linear effective-consumption function,we construct a inter-temporal substitution model between government expenditure and resident's consumption.Then by using panel cointegration analysis,we find that government expenditure crowds in resident's consumption in China in long run,but the crowding in effect is weak.So,the investment structure of local government needs to be changed in order to enhance consumption effect of government expenditure.

Key words: government expenditure, resident’s consumption, panel cointegration test

中图分类号: