银行卡支付方式对城镇居民消费的平滑效应研究——基于STR模型的实证分析  

Research on the Smooth Payment Effect of Bank Card on Urban Residents' Consumption——An Empirical Analysis Using STR Model

作　　者：龙海明[1] 赵红梅[1] 

机构地区：[1]湖南大学金融与统计学院,湖南长沙410079

出　　处：《财经理论与实践》2016年第6期9-15,共7页The Theory and Practice of Finance and Economics

基　　金：湖南省社科基金重点项目(13ZDB35)

摘　　要：银行卡支付可通过心理账户效应便利消费,产生平滑效应。通过平滑转换回归模型(STR)的实证分析可以肯定该平滑效应的存在,具体表现为:当期的银行卡支付将对城镇居民当期消费产生非线性的促进作用,但滞后一期银行卡对城镇居民消费的影响方向取决于收入增长速度。银行卡中的信用卡因其具有支付便利和消费信贷的双重功能,在当期表现出了更大程度的线性影响和非线性影响。Bank card payment can make consumption convenient through the mental accounts effect,thereby exerting a smoothing effect.Applying a smooth transition regression model to an empirical analysis,we prove the existence of the smoothing effect,and investigates the linear and nonlinear impact of bank cards on urban residents＇ consumption comprehensively.The empirical results show that current bank card payment has a nonlinear promotion effect on the current urban residents＇ consumption,but the effect direction of the lag depend on the growth rate of disposable income.Credit card which belongs to bank card shows the greater linear and nonlinear impact on the urban residents＇ consumption due to the double function of convenient payment and consumer credit.

关 键 词：心理账户效应 平滑效应 平滑转换回归模型 城镇居民消费 

分 类 号：F830.4[经济管理—金融学]