Effects of Government Expenditure on Private Consumption:Empirical Evidence of China

摘要：

The purpose of the study is to investigate the relationship between government expenditure and private consumption in China during 1978 to 2004.In this paper,effects of three categories of government on private consumption are examined within the cointegration and error-correction framework.The empirical results show that government investment expenditure and government transfer expenditure have positive effects on private consumption whereas government consumption expenditure has negative effects on private consumption.

关键词： private consumption government expenditure substitutability hypothesis complementarityhypothesis error-correction model

作者: Zhijue Zhang Dingyu Wu

作者单位: School of business,Hunan normal university,Changsha 410081,China

会议类型: 国际会议

会议名称: 2008 International Conference on System Management(2008年系统管理学术研讨会)(2008 CSM)

会议地点: 上海

会议语种:英文

页码: 335-339

在线出版日期: 2008-05-30（万方平台首次上网日期，不代表论文的发表时间）