Title: Dynamic Relationship between Consumption and Income of Rural Residents in Fujian Province
Abstract: Firstly,by use of the fixed parameters of cointegration theory,the relationship between consumption and income in rural areas of Fujian Province from 1978 to 2008 has been studied,and results show that a stable long-run equilibrium relationship between consumption and income of Fujian rural residents doesn't exist.Then the varying parameter cointegration model shows that the balanced relationship between consumption and income of rural residents in Fujian is a dynamic process.And the marginal propensity to consume has experienced the phases of rising-shaking-falling-rising.
Publication Year: 2010
Publication Date: 2010-01-01
Language: en
Type: article
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