全球智库信息集成服务系统(G2TT): Estimating Flexible Consumption Functions for Urban and Rural Households in China

G2TT

来源类型	Journal Article
规范类型	论文
	Estimating Flexible Consumption Functions for Urban and Rural Households in China
	Jing Cao; Mun Ho; Wenhao Hu; Dale Jorgensen
发表日期	2020-06-01
出版年	2020
语种	英语
摘要	There are few comprehensive studies of household consumption in China that covers all commodities due to data restrictions. This prevents the calculation of inequality indices based on consumption. This lack of coverage also makes analysis of policies that affect consumption difficult; economy-wide models used for analysis often have to employ simple consumption forms with unit income elasticities. We estimate a translog demand system distinguished by demographic characteristics, giving price and income elasticities that should be useful for policy analysis. We estimate separate functions for urban and rural households using household expenditure data and detailed commodity prices (1995–2006). This allows future analysis of social welfare and inequality based on consumption to supplement existing studies based on income. To illustrate an application of the model, we project consumption composition based on projected prices, incomes and demographic changes – aging, education improvement and urbanization.
URL	https://www.rff.org/publications/journal-articles/estimating-flexible-consumption-functions-for-urban-and-rural-households-in-china/
来源智库	Resources for the Future (United States)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/588321
推荐引用方式 GB/T 7714	Jing Cao,Mun Ho,Wenhao Hu,et al. Estimating Flexible Consumption Functions for Urban and Rural Households in China. 2020.