住房消费与消费结构升级——理论假说与实证检验  

Housing Consumption and Consumption Structure Upgrading

作　　者：王辉龙[1,2] 高波[1,3] 

机构地区：[1]南京大学经济学院 [2]南京市委党校 [3]南京大学不动产研究中心

出　　处：《财经科学》2016年第1期100-110,共11页Finance & Economics

基　　金：国家社科基金年度一般项目(项目编号:15BJY061);国家社会科学基金重点项目(项目编号:08AJY010);教育部哲学社会科学研究重大课题攻关项目(项目编号:10JZD0025)

摘　　要：本文研究发现,当资产总收益为正时,居民家庭持有适量的房产有利于消费升级;当资产总收益为负时,增加房产持有量将影响消费升级。住房消费对消费升级的影响由总资产收益率决定。长期来看住房消费每增长1个百分点,将会使城镇居民最终消费增长0.21个百分点;短期只有0.058个百分点。长期来看,住房消费每增长1个百分点,恩格尔系数下降0.2个百分点;短期恩格尔系数只下降0.076个百分点。In this paper, we find that when the total profit of the assets is positive, the residents hold a moderate amount of housing is conducive to consumption upgrading. When the total profit is negative, holding more housing will affect consumption structure upgrading. The impact of housing consumption on consumption upgrading is determined by the rate of return on total assets. In the long term, the elasticity coefficient of housing consumption on final consumption is 0.21, but in the short term is only 0.058. In the long term, housing consumption rose by 1 percentage points, and the Engel coefficient decreased by 0.2 percentage points, in the short- term it is 0.076 percentage points.

关 键 词：住房消费 消费结构 财富效应 

分 类 号：F299.23[经济管理—国民经济] F126.1