| 来源类型 | Journal Article
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| 规范类型 | 论文
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| Urban Household Consumption in China: Price, Income, and Demographic Effects |
| Jing Cao; Mun Ho; Wenhao Hu; Dale Jorgensen
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| 发表日期 | 2020-10-12
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| 出版年 | 2020
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| 语种 | 英语
|
| 摘要 | Given the government’s goals to restructure the economy away from investment and exports to consumption and to reduce inequality, it is important to have a good understanding of China’s household consumption behavior and to obtain a good measure of consumption adjusted for price differences across regions. We estimate a consumption function that is flexible and distinguishes between different household types such as size and age of head. We develop detailed price data by region, including rental equivalents for owner-occupied housing. This provides us the estimates of income and price elasticities of different consumption bundles that should be useful for analyzing public policies. We find distinct elasticities for residents of large and small cities. For all urban households the income elasticity for food is about 0.7–0.8, housing is 0.8–0.9, and services is 1.4–1.5. The price elasticity for food and services is about 0.5 and 0.8, respectively. |
| URL | https://www.rff.org/publications/journal-articles/urban-household-consumption-in-china-price-income-and-demographic-effects/
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| 来源智库 | Resources for the Future (United States)
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| 资源类型 | 智库出版物
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| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/588361
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推荐引用方式
GB/T 7714 |
Jing Cao,Mun Ho,Wenhao Hu,et al. Urban Household Consumption in China: Price, Income, and Demographic Effects. 2020.
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