首页|The Adjustment of Consumption to Income Changes Across Chinese Provinces

The Adjustment of Consumption to Income Changes Across Chinese Provinces

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  • 万方数据
This paper examines a key stochastic implication of the canonical version of the permanent income model that new information about future income should give rise to an adjustment in consumption equal in magnitude to the adjustment in permanent income. Using data from 29 Chinese provinces, the empirical results are consistent with the model.

Chinese provincesConsumptionPermanent Income

Joseph DeJuan、Tony S. Wirjanto、Xinpeng Xu

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Department of Economics, University of Waterloo, Waterloo Ontario, Canada

School of Accounting and Finance and Department of Statistics & Actuarial Science University of Waterloo, Waterloo Ontario, Canada

School of Accounting and Finance, Faculty of Business, Hong Kong Polytechnic University, Kowloon Hong Kong, China

2016

经济学与金融学刊(英文版)

经济学与金融学刊(英文版)

ISSN：
年,卷(期)：2016.17(2)
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