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本文采用 1978———2002年间的宏观消费与收入数据,运用协整理论,对中国宏观消费函数的实证分析。分别对数据进行了单整和协整检验,在检验的基础上建立了中国宏观消费与收入的误差修正模型和长期均衡关系。分析结果表明:全样本时间段内,消费与收入均为三阶单整序列,但不存在协整关系;以 1991年为界将全部样本分为两段后检验发现,该两个时间段内的消费与收入均存在协整关系。从而,中国宏观消费与收入的误差修正模型和长期均衡关系都存在。
This paper uses the macroeconomic consumption and income data from 1978 to 2002, and uses the cointegration theory to analyze the Chinese macro consumption function. Respectively, the data were single and cointegration test, based on the test established China’s macro consumption and income error correction model and long-term equilibrium relationship. The results show that there is no cointegration between consumption and income in the whole sampling period, but the cointegration relationship does not exist. After 1991, the whole sample is divided into two sections and found that within the two time periods There is a cointegration relationship between consumption and income. Thus, the error correction model and the long-term equilibrium relationship between macro-consumption and income in China exist.