Title: Government Spending and Private Consumption——An Empirical Research Based on Nonlinear Effective-Consumption Function in China
Abstract: Based on a nonlinear effective-consumption function,this paper constructs a inter-temporal substitution model between government spending and private consumption by using co-integration test,error correction model and impulse response function method.It empirically researches the relation between government spending and private consumption in our country.It shows that they are mutual in short term,but they are substitution in long term.
Publication Year: 2007
Publication Date: 2007-01-01
Language: en
Type: article
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