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- W2351159960 abstract "The new system of rural endowment is a new social policy to guarantee the basic livelihood of the aged rural population.In order to explore the system's effect of inducing domestic demand,the economic data of fifty counties of Hubei Province are analyzed in difference-in-difference model.Following the principle of effectiveness and simplicity of variable selection,GDP is taken as the control variable to estimate the policy's fixed effects,and the result shows that the new system of rural endowment plays a significant effect of expanding domestic demand.According to the inherent mechanism of expanding domestic demand,the empirical results of this study show that: the new system of rural endowment enhanced consumption confidence of farmers,who are expected to have better and greater confidence to the new system.Security enhanced by the system boosted the consumption of farmers,whose income level is not too low and who has a certain ability to pay.Also,the new system of rural endowment improves income distribution;this is to say,it expands the margin consumption.Therefore currently,in China economic policy and social policy,equity and efficiency can be unified and should be overall considered.In order to maintain a healthy and sustainable development of China's economy,China should gradually get rid of too much emphasis on economic development policy and strategy,while pay more attention to social development and social policy.In a word,although the effect of the system of inducing domestic demand is significant,the effect of expanding domestic demand in the overall economy has not fully surfaced,so the the current coverage of new system of rural endowment should be further expanded." @default.
- W2351159960 created "2016-06-24" @default.
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- W2351159960 date "2012-01-01" @default.
- W2351159960 modified "2023-09-26" @default.
- W2351159960 title "Empirical Analysis on New System of Rural Endowment Inducing Domestic Demand" @default.
- W2351159960 hasPublicationYear "2012" @default.
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