Market integration and consumer spending

作者：Qin, Shuyue; Zhang, Yumeng^*

来源：Applied Economics Letters, 2023.

DOI：10.1080/13504851.2023.2257922

• Market integration
• consumer spending level
• consumption structure
• heterogeneity

Using China's provincial panel data during 1997-2019, this study examines the causal relationship between market integration and consumer spending. We found that market integration has the effect of first inhibiting and then promoting consumer spending level, and market integration promotes the transition of consumption structure from survival-oriented consumption to development-oriented and enjoyment-oriented consumption. Our study indicates that market-oriented reform is an important factor in expanding domestic demand and stimulating consumption.

• 单位
  中国社会科学院