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- W2389360284 abstract "According to the theory of consumer spending,in general wealth increase will boost spending,a large study abroad experience also confirmed that the price of consumption has positive role.But for China's case,house prices rising(wealth increase) did not seem to promoting consumption increase? What reason is this? We think that rising of house prices have not only the wealth effect,also have with the corresponding substitution effect(or called extrusion effect),this is because the short term that makes people purchase prices increased spending squeeze daily consumption.On the other hand,from the perspective of virtual economy based on the generalized analysis can better consumer psychology to explain this phenomenon.This paper uses 1999-2010 in China provinces panel data after estimates that,in China,the prices of the change of consumption will produce significant negative influence.To this,it is mainly because of the substitution effect,China's family of the concept of the social structure also makes people would rather extrusion daily consumption also want to pursue mortgage slave of life." @default.
- W2389360284 created "2016-06-24" @default.
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- W2389360284 date "2012-01-01" @default.
- W2389360284 modified "2023-09-23" @default.
- W2389360284 title "The Research Based on the Generalized Virtual Economy Under the Relations of Chinese Residents Consumption and House Prices" @default.
- W2389360284 hasPublicationYear "2012" @default.
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