In this paper, hybrid model is given, practical significance is discussed. because for liquidity constraints, a part of Chinese peasants household only expend current income, their behavior is adapted for abstract inc...In this paper, hybrid model is given, practical significance is discussed. because for liquidity constraints, a part of Chinese peasants household only expend current income, their behavior is adapted for abstract income hypothesis, and the other peasants household expend permanent income, their behavior is adapted for LC PIH.展开更多
文摘In this paper, hybrid model is given, practical significance is discussed. because for liquidity constraints, a part of Chinese peasants household only expend current income, their behavior is adapted for abstract income hypothesis, and the other peasants household expend permanent income, their behavior is adapted for LC PIH.
