Crowding-out Effect of Chinese Government Expenditure on Consumer Expenditure: An Empirical Study in China from 1978 to 2009

摘要：

Since dramatic increase in government expenditure was not as effective as expected in recent years, we have to consider the crowding-out effect of government expenditure. This paper establishes a consumer intertemporal substitution model to analyze the relationship between Chinese government expenditure and consumer expenditure from 1978 to 2009. The results show that the government expenditure didnt crowd out consumer expenditure but has a crowd-in effect instead. Moreover, different parts in government expenditure have different effects on consumer expenditures. Finally, the paper presents some advices on enhancing the effect of government expenditure based on empirical results.

关键词： intertemporal substitution government expenditure consumer expenditure crowding-out effect

作者: SUN Ming LIN Ming WANG Junhai

作者单位: Deans Office, Xiamen University of Technology, P.R.China, 361021 Changsha Branch, China Development Bank, P.R.China, 410005 International Trade Department, Business School, Hubei University, P.R.China, 430062

会议类型: 国际会议

会议名称: The 3rd International Institute of Statistics & Management Engineering Symposium(2010 国际统计与管理工程研讨会 IISMES)

会议地点: 威海

会议语种:英文

页码: 541-546

在线出版日期: 2010-07-24（万方平台首次上网日期，不代表论文的发表时间）