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The Impact Of Economic Growth And Financial Development On The Property Income Gap Between Urban And Rural Residents

Posted on:2017-12-25Degree:MasterType:Thesis
Country:ChinaCandidate:X L HeFull Text:PDF
GTID:2359330512963153Subject:Investment economics
Abstract/Summary:PDF Full Text Request
By the end of 2015,the total amount of China's economy after the United States,2015 national per capita disposable income reached 22 thousand yuan,according to the standard of the United Nations,China has met the middle income country standard.With the rapid economic growth,China's financial industry has made a breakthrough,and gradually with international standards.At the same time,China's urban and rural residents disposable income increased,especially the property income of a huge increase,but the income gap between residents and property income gap between urban and rural areas is expanding,expanding the residents' property income gap between urban and rural areas will also become a narrow urban-rural income gap is more than aThe widening of the income gap is not conducive to the sustainable development of the economy and plays a negative role in social stability,thus causing widespread concern in the government departments and the community.From 2007 the party first put forward "to create conditions to allow more people to own property income" claims to 2013 "the construction of new agricultural management system,give farmers more property rights,during which a series of policies are reflected in the party and the government to increase the residents,especially rural residents,property income paid.2014 years,China's urban and rural residents per capita disposable income of wage income is 11420.60 yuan,than last year nominal growth of 1.101 times;net operating income 3732 yuan,compared with last year nominal growth of 1.088 times;the property income 1587.8Yuan,than last year nominal growth of 1.125 times;transfer income 3426.80 yuan,year-on-year nominal increase of nearly 1.126 times.Although the urban and rural residents' property income in absolute value is not the lead,but the rapid growth,the growth rate of more than wage income and operating income,the income of urban and rural residents in the occupied position more and more in important.However,with China's urban and rural residents' property income achieved rapid growth in the absolute value,between urban residents and rural residents property income gap has not narrowed,even widening.Chinese urban residents' per capita property income of 45.8 yuan from 1993 to 2014 rose to 2812.1 yuan,or high 61.40 times;rural residents per capita income of 7.02 yuan from 1993 to 2014 rose to 222.1 yuan,or 31.64 times.From 1993 to 2014,China's urban and rural residents per capitaAlthough the property income increased significantly,but the gap between urban and rural per capita household property income disparity,per capita household property income gap between urban and rural areas increased from 38.78 yuan to 2590 yuan,an increase of nearly 66.79 times.In the study of China's urban and rural residents disposable income gap can be found in the four sources of disposable income the income of urban residents' property income and property income gap of rural residents,far higher than the wage income gap,and from the statistical data of recent years,the residents' property income gap between urban and rural areas is still increasing,in addition,the study also found that China's urban and rural residents wealthProperty income has regional features typical of the economically developed eastern coastal areas and the western region,compared to the residents' property income level is higher,but the property income gap between urban and rural areas is higher,and the income gap is also the largest contribution.Along with the proposed to create conditions to allow more people to own property income "policy oriented,the status of the property income in the total income of Chinese residents will undoubtedly be more important,narrow the property income gap in narrowing the income gap between urban and rural residents in the course of action will undoubtedly be strengthened.Because of the unbalanced development in the East China the Midwest economy and finance,coupled with the urban and rural residents' property income gap in China has obvious regional,in this situation,analysis of China's economic growth,the relationship between financial development and urban and rural residents' property income gap has important theoretical and practical significance,which will help to me From a new perspective,we will explore how to narrow the income gap between urban and rural residents in our country and realize the harmonious development of society and the sustainable growth of economy.Along with the proposed to create conditions to allow more people to own property income "policy oriented,the status of the property income in the total income of Chinese residents will undoubtedly be more important,narrow the property income gap in narrowing the income gap between urban and rural residents in the course of action will undoubtedly be strengthened.Because of the unbalanced development in the East China the Midwest economy and finance,coupled with the urban and rural residents' property income gap in China has obvious regional,in this situation,analysis of China's economic growth,the relationship between financial development and urban and rural residents' property income gap has important theoretical and practical significance,which will help to meFrom a new perspective,we will explore how to narrow the income gap between urban and rural residents in our country and realize the harmonious development of society and the sustainable growth of economy.This paper focuses on the research and analysis of urban and rural residents' property income gap in our country,taking into account the property income and economic growth,there is a close relationship between financial development,so the research on property income gap,into economic growth,financial development and economic growth and financial development of the intersection of the three variables this paper firstly sorted out.Secondly,the variable quantity;analyze the panel cointegration test and cointegration model estimation,test results show that the urban and rural residents' property income gap between different regions in China and the economic growth and financial development are there is a cointegration relationship,there is a long-term stable relationship,and economic growth in different regions of China Urban and rural residents' property income gap can restrain the financial development has expanded to urban and rural residents' property income gap,improve the level of financial development will enhance the inhibitory effect on the economic growth of urban and rural residents' property income gap,although the direction of each area function is consistent,but the specific role of different degree;soAfter the establishment of the panel error correction model(PVEC),the results show that the area of our country urban and rural residents' property income gap and economic growth,long-term stability and short-term changes in the level of financial development on the property income gap between different regions of China but is inhibited in different regions of the short-term effects are different;and then,the economic growth and financial development are partial effect analysis of urban and rural residents' property income gap,the longitudinal analysis shows that,with China's economic growth and the level of financial development from the low level to the high level of urban and rural residents' property income gap of our country presents the first expansion of the slightly smaller fluctuation and stableMorphology,transverse analysis shows that the economic growth of our country from east to west,and the comprehensive effect of financial development on urban and rural residents' property income gap(negative effect)showed a gradual strengthening of the trend;finally,puts forward some countermeasures and suggestions not only narrow the urban and rural residents' property income gap of our country as a whole,but also for China's eastern,central and Western respective development situation,put forward our country east,countermeasures of residents' property income gap between the western region.
Keywords/Search Tags:Property Income Gap, Panel Cointegration, Panel Error Correction, Bias Effect
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