Based on the optimal consumption decisions of representative households and the relationship between their decisions and fiscal policy, we evaluate the impact of China＇s fiscal policy on urban and rural residents＇ m...Based on the optimal consumption decisions of representative households and the relationship between their decisions and fiscal policy, we evaluate the impact of China＇s fiscal policy on urban and rural residents＇ marginal propensity to consume. The result shows that since 1998 marginal propensity to consume has decreased by more than 20 percent, ＇and the decrease is not only due to income distribution, economic development level, expectations, consumption structure and other factors, but also closely related to the application of fiscal policy. Among these factors, the overall impact of unanticipated fiscal policy shocks is significant and negative. The policy option of using unforeseen increases in tax revenue as a financing instrument greatly diminishes the positive effects of structural adjustment. Therefore, to increase household consumption, it is necessary not only to raise residents＇ capacity for consumption by increasing fiscal revenue but also to stabilize consumer expectations and promote the marginal propensity to consume through adjusting fiscal revenue and expenditure policies.展开更多
According to the household consumption data of urban residents in Guangxi Statistical Yearbook in the year 2009, the ELES (Extended Linear Expenditure System) is used to analyze the consumption structure, the propensi...According to the household consumption data of urban residents in Guangxi Statistical Yearbook in the year 2009, the ELES (Extended Linear Expenditure System) is used to analyze the consumption structure, the propensity to consume, and the consumer flexibility of urban residents in Guangxi Zhuang Autonomous Region of China in the year 2008. Result shows that urban residents in Guangxi has relatively low propensity to consume. And their consumption, especially the middle and low-income families, is mostly concentrated in food, cloth, lodging and other basic necessities of life, which account for more than a half of their income. Based on this, corresponding suggestions are put forward to enlarge the consumption demand of urban residents in Guangxi, such as increasing the regulation of income redistribution, minimizing the gap between the rich and the poor, enhancing the overall consumption level, cultivating the consumption hot spots for the urban residents, and actively guiding the enjoyable consumption.展开更多
文摘Based on the optimal consumption decisions of representative households and the relationship between their decisions and fiscal policy, we evaluate the impact of China＇s fiscal policy on urban and rural residents＇ marginal propensity to consume. The result shows that since 1998 marginal propensity to consume has decreased by more than 20 percent, ＇and the decrease is not only due to income distribution, economic development level, expectations, consumption structure and other factors, but also closely related to the application of fiscal policy. Among these factors, the overall impact of unanticipated fiscal policy shocks is significant and negative. The policy option of using unforeseen increases in tax revenue as a financing instrument greatly diminishes the positive effects of structural adjustment. Therefore, to increase household consumption, it is necessary not only to raise residents＇ capacity for consumption by increasing fiscal revenue but also to stabilize consumer expectations and promote the marginal propensity to consume through adjusting fiscal revenue and expenditure policies.
文摘According to the household consumption data of urban residents in Guangxi Statistical Yearbook in the year 2009, the ELES (Extended Linear Expenditure System) is used to analyze the consumption structure, the propensity to consume, and the consumer flexibility of urban residents in Guangxi Zhuang Autonomous Region of China in the year 2008. Result shows that urban residents in Guangxi has relatively low propensity to consume. And their consumption, especially the middle and low-income families, is mostly concentrated in food, cloth, lodging and other basic necessities of life, which account for more than a half of their income. Based on this, corresponding suggestions are put forward to enlarge the consumption demand of urban residents in Guangxi, such as increasing the regulation of income redistribution, minimizing the gap between the rich and the poor, enhancing the overall consumption level, cultivating the consumption hot spots for the urban residents, and actively guiding the enjoyable consumption.
