农户金融资产配置的门槛效应对收入差距的影响机制——基于微观面板门限协整模型的经验与证据

发布时间：2018-06-26 22:54

本文选题：门槛效应 + 门限协整　；参考：《当代经济科学》2012年02期

【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。
[Abstract]:Based on the micro panel data of 2100 households from 2005 to 2009, this paper constructs a two-stage panel threshold cointegration regression between the allocation of financial assets and the income gap of farmers, and analyzes and tests the mechanism of financial asset allocation acting on the income gap of farmers. The paper proves the influence mechanism of financial asset allocation difference on peasant household income gap from mathematical model, and makes use of the maximum likelihood estimator of nonlinear threshold cointegration regression. This paper estimates the two-stage threshold model of financial asset allocation and income gap of farmers in China, and tests its model selection and threshold effect. The regression results of the model and the change track of threshold parameters confirm the difference of peasant household income before and after the threshold of financial asset allocation, and the difference of peasant household financial asset allocation does have an important impact on household income. Improving the environment and structure of farmers' financial asset allocation may help to reduce the income gap among farmers.
【作者单位】：山西财经大学财政金融学院;北京大学经济学院;
【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
【分类号】：F832.35;F323.8;F224

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