中国政府债务对居民消费影响的实证研究被引量：12

Government Debt and Household Consumption

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摘要在政府债务对居民消费的影响方面,“凯恩斯主义”和“李嘉图主义”提出了对立的观点。本文运用中国宏观经济数据,分别检验了“凯恩斯主义”和“李嘉图主义”的政府债务观,识别出在中国政府债务影响居民消费的基本事实。我们的计量研究表明:在中国“凯恩斯主义”的政府债务观与现实更相关,政府债务的增加能够促进居民消费增长。居民视其持有的政府债券为净财富,他们基本上没有感受到政府债务增加对未来税收负担的影响。 With regard to the effect of government debt on household consumption, there is a sharp contrast between“Keynesian” view and “Ricardian” view. This paper tests the feasibility of both “Keynesian” and “Ricardian”views on government debt with an application of Chinese macroeconomic data. The research shows that the Keynesian＇s view on government debt is more pertinent to Chinese reality, that is, that an increase of government debt will promote household consumption in China.

作者尹恒叶海云

机构地区北京师范大学经济与工商管理学院武汉大学高级研究中心

出处《北京大学学报（哲学社会科学版）》 CSSCI 北大核心 2005年第4期79-87,共9页 Journal of Peking University(Philosophy and Social Sciences)

基金国家自然科学基金项目("国债的宏观经济影响及最优国债规模研究" 批准号70303003)

关键词政府债务消费李嘉图等价性 Government Debt Household Consumption Ricardian Equivalence

分类号 F124.7 [经济管理—世界经济]

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