Author(s)

Wu Qiong ¹

Affiliation(s)

¹ Anhui University of Finance & Economics, Bengbu Anhui, 233030, China

Corresponding Author

Wu Qiong

ABSTRACT

Under the background of building a new development pattern, it is of great theoretical and practical significance to study the dynamic relationship between fiscal expenditure structure and residents' consumption. The empirical results show that people's livelihood expenditure affects residents' consumption completely through the intermediary variable of residents' income, while non people's livelihood expenditure has direct and indirect effects; investment expenditure on people's livelihood and transfer expenditure on people's livelihood have crowding in effect on residents' consumption, and have regional heterogeneity; on the whole, people's livelihood expenditure has crowding in effect on residents' consumption, while non people's livelihood expenditure has inhibitory effect on residents' consumption.

KEYWORDS

Investment expenditure on people's livelihood, Transfer expenditure on people's livelihood, Income level, Residents' consumption

CITE THIS PAPER

Wu Qiong. Fiscal Expenditure Structure, Income Level and Residents' Consumption. Journal of Sociology and Ethnology (2021) 3: 71-75. DOI: http://dx.doi.org/10.23977/jsoce.2021.030316.

REFERENCES

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[2] Hu Shudong(2002). Relationships between state fiscal expenditure and private consumption demandin China. Social Sciences in China, vol.2,no.6,pp:26-32+204.
[3] Chu Deyin, Yan Wei(2010). Civilization fiscal expenditure and residents' consumption-based on provincial panel data from 1995 to 2007. Journal of Shanxi Finance and Economics University, vol.32,no.1,pp:10-16.
[4] Tsung-wu Ho(2001).The government spending and private  consumption: a panel integration analysis. International Review of Economics and Finance, vol.10,no.1,pp:874-896.
[5] Wang Yan, Hao Conghui, Lu Honghao(2018).An empirical study on the effect of income structure and fiscal expenditure on rural residents' consumption structure. Journal of Xi'an University of Technology,vol.34,no.3,pp:364-370.
[6] Li Puliang, Jia Weili,Yu Fawen(2018). Fiscal expenditure, residents' disposable income and service consumption of urban and rural residents. Journal of Guizhou University of Finance and Economics, vol.18,no.1,pp:1-12.

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