首页|不同类型信贷约束对家庭消费的影响存在差异吗?

不同类型信贷约束对家庭消费的影响存在差异吗?

扫码查看
原文链接
  • NETL
  • NSTL
  • 万方数据
构建国内国际双循环体系是我国新发展格局的重点,然而现阶段居民消费不足已成为国内大循环中的一大堵点.本文利用中国家庭收入调查项目(CHIP)2018年数据分析了不同类型信贷约束对家庭消费的影响.研究结果表明:信贷约束对家庭消费有显著的负向影响;需求型信贷约束比供给型信贷约束对家庭消费的负向影响更大;相比于私人信贷约束,机构信贷约束对家庭消费的负向影响更大.信贷约束对家庭各类消费都有抑制作用,其中享乐型消费受到的影响最大.机制分析表明,信贷约束通过影响家庭非工资收入和主观贫困等抑制家庭消费.异质性分析发现,农村地区家庭的消费支出受到信贷约束的影响更大.研究结论可以在一定程度上为政府制定差异化信贷政策提供参考.
Are there Differences in the Impact of Different Types of Credit Con-straints on Household Consumption?
The construction of a domestic and international double-cycle system is the focus of China's new devel-opment pattern;however,at this stage,the lack of consumption by the population has become a major blockage in the domestic cycle.This paper analyzes the impact of different types of credit constraints on household consumption us-ing 2018 data from the China Household Income Projects(CHIP).The results of the study show that:credit con-straints have a significant negative impact on household consumption;demand-based credit constraints have a greater negative impact on household consumption than supply-based credit constraints;and institutional credit constraints have a greater negative impact on household consumption than private credit constraints.Credit constraints have a dampening effect on all types of household consumption,with hedonic consumption being the most affected.Mechanistic analysis shows that credit constraints inhibit household consumption by affecting,among other things,household non-wage in-come and subjective poverty.Heterogeneity analysis finds that the consumption expenditure of households in rural areas is more affected by credit constraints.The findings of the study can,to a certain extent,provide a reference for the government to formulate differentiated credit policies.

credit constraintsdemand-based credit constraintssupply-based credit constraintsinstitutional credit constraintsprivate credit constraintshousehold consumption

吴锟、胡玥

展开 >

北京物资学院经济学院,北京 101149

信贷约束 需求型信贷约束 供给型信贷约束 机构信贷约束 私人信贷约束 家庭消费

国家社科基金后期资助项目教育部人文社会科学研究青年基金项目

20FJYB02818YJC790181

2024

10.19647/j.cnki.37-1462/f.2024.06.006

金融发展研究
山东省金融学会

金融发展研究

CHSSCD北大核心
影响因子：0.55
ISSN：1674-2265
年,卷(期)：2024.(6)