Estimation And Influence Analysis Of Income In Southwest China Based On The Equal Utility Of Currency

Forty years of reform and opening up,the economy has developed rapidly,the people's living standards have improved,and life has been happy.In order to achieve a comprehensive well-off society in 2020 and strive to achieve income growth for residents,by 2020,the income of urban and rural residents will double,so coordinate the income distribution pattern,improve the level of economic development,and narrow the income gap of residents.It has been studied mainly to analyze the income gap of residents from different angles,and less to analyze the income gap of residents from the perspective of currency equivalence.Therefore this paper regards the southwest region as the research object of the income gap of residents.Firstly,it uses the idea of currency equivalence to solve the problem of the comparability of the income level of residents in Southwest China and its related economic indicators.Then,from different economic perspectives,we establish an econometric model to analyze the causes of resident income disparities.First of all,this paper combs the domestic and foreign purchasing power parity and different influencing factors to analyze the income gap,and introduces the purchasing power parity theory and the inductive calculation purchasing power parity method in detail.Secondly,the monetary utility comparability measure,the purchasing power parity analysis of the five provinces and cities in the southwest region,the national base period,the bilateral comparison and the EKS method multilateral comparison to calculate the purchasing power parity index.Bilateral comparisons show that the purchasing power of Yunnan Province is weaker than the national purchasing power,while the purchasing power parity of the other four regions is stronger than the national purchasing.Multilateral comparisons show that the purchasing power of the five regions in thesouthwest is stronger than the national one.Using the method of currency equivalence,the comparability analysis of the income level of residents in Southwest China and its related economic indicators,eliminating the influence of price factors,shows that the actual value is larger than the nominal value.Finally,the dynamic,horizontal and income sources of urban and rural residents' income in Southwest China are analyzed.A panel data model is constructed for the economic development level,financial development,urban-rural dual economic structure and investment level,and urban-rural income gap from 2001 to 2017.It is concluded that per capita GDP,financial scale,and urban-rural dual economic structure are negative for the income gap between urban and rural residents.The impact of the investment,the level of investment has a positive impact on the income gap between urban and rural residents.Therefore,it is necessary to enhance economic development,improve the financial system,and enhance the scale of financial development;coordinate urban and rural development,gradually eliminate the dual economic structure;and establish a monitoring mechanism for currency equivalence.