Demonstration Research Into The Impact Of Urban Inhabitants' Financial Assets Of China On Consumption

With the building-up of market economy in our country, on one hand, the augmentation of the quantity and the extension of the selective space about the property cause the diversification of residents'property, the residents'property-choice behavior (consumption over a long period of time) gradually form, the function of direct-investment behavior and indirect-investment behavior to the domestic economy is enlarged; on the other hand, some problems such as the lower residents'consumption rate and the lower final consumption rate appear in the field of consumption, the lower consumption rate causes that the consumption acts on the economic growth by the lower contribution rate, economy growth is badly restricted by the market need, the lack of consumption restricts the virtuous cycle of economy, increasing the domestic need has become an important target of the economic policy our government draws up, so the research of the realm of the residents'consumption in our country seem to be extremely exigent and has the important meaning. The residents of town and country, the behavior of the town residents'property and consumption has the more predominant meaning, and be doubtless worthy of concern. In the last few years, although the research of the consumer behavior theories more and more occupies the important position in the economy research of our country, seeing from the current academic research result, the academic research that the financial property influences upon the consumption of town residents is lack, so, this thesis is doubtless a beneficial attempt to the study realm of town residents' property-consumption behavior. The thesis is constituted by seven parts: the foreword, the depict and critique of the theories and positive researches about domestic and oversea, the related assumption that town residents'financial property influence upon the consumption, the positive inspection that the whole financial property influence upon the consumption, the positive analysis that savings deposit influence upon consumption, the positive analysis that securities influence upon consumption, conclusion and suggestion. The first part of the thesis explains why the author choose this topic to research and the meaning of choosing this topic firstly, then on this foundation, introduces the way of thinking and frames of the thesis, enumerates the adopted research method of the thesis finally. The second part of the thesis is the depiction and critique of the related theories and the positive researches about domestic and oversea. The third part of the thesis on the basis of analysis about the composing and the development of the town residents'financial property, discusses the influence relation of the financial property and the consumption, and combines the related theories with practice analysis, and puts forward the research assumption to our country. The fourth, fifth and sixth part of the thesis according to the collected statistical data, adopt the tool of new-classic consumption function model: positively inspects the whole financial property'influence upon the consumption, and the town residents' savings deposit'substitutive influence upon the consumption, and the securities'influence upon the consumption, draws following conclusion: 1.Fast growth and diversified trends of the town residents'financial property in our country, indicate that the foregone characteristics (such as bound, shortsighted and primordial) of town residents'consumption behavior are changed into the present-day characteristics (such as amplectant, forward-looking, the beyond-era budget). 2.The residents' financial property is developed quickly, and the liquidity of financial property is built up, and diversified structure presents, but compares with the developed country, the structure of the financial property is still not reasonable. 3.The fluctuant degree that the town residents'consumption change with the fluctuation of the town residents'income has a decreasing trend, but the fluctuant degree that the town residents'consumption change with the fluctuate of the town residents'financial property has the increasing trend in our country. The whole town residents'financial property has a weaker substituted influence upon the consumption; both are a kind of the negative related relation. 4. The town residents'savings deposit has a negative related substituted influence upon the consumption, but the influence is not big, because the influence of other inside and outside factors makes it weaken. 5. The town residents'securities have a positive related wealth effect influence upon the consumption, but the influence is not big, and the wealth effect has the stronger period-instability. The seventh part of the thesis is the summarization of the front several positive analytical parts, and put forward the suggestion for the establishment of the policy.