Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 芮萌教授 (会计学院) |
| 杜巨澜教授 (经济学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jce.2011.03.005 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/10WOS source URL
其它资讯
摘要This paper decomposes consumption risk sharing among provinces in China over the 1980-2007 period. We find that 9.4% of the shocks to gross provincial product are smoothed by the interprovincial fiscal transfer system. This system also cushions a relatively large fraction of the province-specific shocks in the coastal provinces of China. Using a variety of indicators, we explore non-fiscal channels of consumption risk sharing. We find that the migration of rural labor to urban areas and the remittance of migrant wages play important roles in promoting interprovincial consumption risk sharing in the inland provinces of China. In contrast, the extent of risk sharing through financial intermediaries and the capital markets is very limited. These factors have resulted in a low degree of risk sharing among Chinese provinces, especially over the last decade. Journal of Comparative Economics 39 (3) (2011) 383-405. Department of Economics, Chinese University of Hong Kong, Hong Kong; School of Finance, Renmin University of China, China Financial Policy Research Center, China; Faculty of Business Administration, Chinese University of Hong Kong, Hong Kong. (C) 2011 Association for Comparative Economic Studies Published by Elsevier Inc. All rights reserved.
着者Du JL, He Q, Rui OM
期刊名称Journal of Comparative Economics
出版年份2011
月份9
日期1
卷号39
期次3
出版社Elsevier
页次383 - 405
国际标準期刊号0147-5967
电子国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/1095-7227
语言英式英语
关键词Chinese economy; Consumption risk sharing; Credit markets; Fiscal system; Remittance
Web of Science 学科类别Business & Economics; Economics; ECONOMICS
