Are different income sources fungible? The effects of agricultural subsidy and disaster relief on household consumption in China
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AbstractThis paper uses panel data from a sample of farm households in the northeastern China to examine the non-fungibility of different income sources. The results show the private transfer income has a high and significant impact on household consumption while agricultural subsidy and disaster relief have insignificant impacts. Empirical findings prove that the Behavioral Life Cycle Hypothesis is more practical than the Life Cycle Hypothesis. Moreover, they provide important macro policy implications as for how to stimulate farm consumption and expand domestic demand and encourage economic growth.
Acceptance Date23/07/2018
All Author(s) ListXiaohui Peng, Li Zhao, Chengyan Yue, David Ahlstrom
Journal nameInternational Food and Agribusiness Management Review
Year2018
Volume Number21
Issue Number8
PublisherWageningen Academic Publishers: International Food and Agribusiness Management Review / International Food and Agribusiness Management Association
Place of PublicationWageningen, Netherlands
Pages1153 - 1166
ISSN1096-7508
eISSN1559-2448
LanguagesEnglish-United States
Keywordsbehavioral life cycle hypothesis, farm household consumption, marginal propensity to consume,
agricultural subsidy, disaster relief

Last updated on 2020-26-03 at 02:38