34个城市的住宅财富效应:基于panel data的实证研究  

House Wealth Effect of 34 Cities:An Empirical Analysis Based on Panel Data

作　　者：高春亮[1] 周晓艳[2] 

机构地区：[1]北京大学经济学院 [2]中国社科院工业经济研究所,100836

出　　处：《南开经济研究》2007年第1期36-44,共9页Nankai Economic Studies

摘　　要：本文检验了我国人均消费支出与住宅财富之间的关系。以2001—2004年34个城市为样本,使用面板误差纠正模型估计住宅财富的边际消费倾向,结果表明边际消费倾向为-0.033,并从消费者信贷约束和预防性储蓄角度进行了简要解释。This paper examines the link between private consumption and housing wealth in China. It takes 34 cities during 2001-2004 as sample, and evaluates the marginal propensity to consume out of housing wealth by Panel-corrected model. The MPC is -0.033,and briefly explain it according to consumer Credit Constraints and Precautionary Saving.

关 键 词：住宅财富效应 误差纠正模型 边际消费倾向 

分 类 号：F293.3[经济管理—国民经济] F224