摘要
基于2100户农户2005-2009年的微观面板数据,本文构建了农户金融资产配置与收入差距间的两阶段面板门限协整回归,对金融资产配置作用于农户收入差距的机制进行了分析和检验。论文从数理模型上证明了金融资产配置差异对农户收入差距的影响机制;利用非线性门限协整回归的极大似然估计量,本文估计了我国农户金融资产配置与收入差距的两阶段门限模型,并对其模型选择及其门槛效应进行了检验,模型的回归结果及门限参数的变化轨迹证实了金融资产配置的门槛前后农户收入的差异性,农户金融资产配置的差异确实对农户收入产生了重要影响;因此,改善农户金融资产配置的环境及结构可能有助于消减农户间的收入差距。
Based on micro panel data of 2100 rural households through 2005-2009,this paper constructs the two stage threshold cointegration model between the financial assets configuration and the income gap,and deduces the mechanism between them.We establish the mathematical model of the financial asset allocation and the income gap and estimate the two stage threshold cointegration model between Chinese agricultural household financial assets configuration and the income gap via nonlinear threshold cointegration regression maximum likelihood estimator.The regression of the model and the threshold parameters track confirm the threshold of the financial asset allocation and the income difference among the rural households.Thus,to improve the financial asset allocation of rural household environment and structure may help to reduce the income gap between them.
出处
《当代经济科学》
CSSCI
北大核心
2012年第2期16-24,124,共9页
Modern Economic Science
基金
教育部人文社科规划基金项目(项目编号:11YJA790151
09YJA790131)
世界银行山西农村扶贫项目(项目编号:K223001)资助
关键词
门槛效应
门限协整
金融资产配置
收入差距
影响机制
Threshold Effect
Threshold Cointegration
Financial Assets Configuration
Income Gap
Impact Mechanism
