Title: A Cointegration Analysis of the Relationship between Income and Consumption of Urban and Rural Residents in Yunnan Province
Abstract: The author makes an empirical analysis of the relationship between income and consumption of urban and rural residents from the year 1928 to 2008.The author finds that there exists integration relationship both in the urban and rural I-C model,and establishes ECM.The result evidenced that the resident consumption relies heavily on the revenue,no matter urban or rural,in the long-run or in the short-run.Income level of all residents,especially peasant income should be improved in order to expand domestic demand.
Publication Year: 2011
Publication Date: 2011-01-01
Language: en
Type: article
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