Departmental Bulletin Paper The spatial econometric analysis of urban residents consumption in China

ZHAO, Xicang  ,  張, 忠任  ,  PAN, Zhiang

30pp.15 - 30 , 2015-11-13
The paper adopts the method of spatial autocorrelation Moran's I and spatial error model and spatial lag model of Spatial Econometrics, based on Cobb Douglas function, to analyze the spillover effects of urban residents' consumption expenditure in China. It turns out that the per capita disposable income (PCDI), the amount of savings (SAVS) of urban residents, gross dependency ratio (GDER) of population have significant effects on the level of urban residents per capita consumption expenditure (PCCE) in China, and PCDI has the greatest influence. Besides, the level of China's urban residents PCCE has significant spatial spillover effects and has a tendency to cluster in space. The formation of regional consumer groups is conducive to the development of regional economy. To give full play to regional spatial spillover effects among the urban residents' consumption expenditure, the government should continue to improve the income distribution system and the social security mechanism, reduce urban residents money demand which is hold in case of precautionary motive, and solve any menace from the "rear" of the consumption of urban residents, to break administrative barriers among provinces, in addition to further adjusting consumption structure of urban residents, which makes raising the consumption of urban residents a new point of economic growth in China.

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