Are different income sources fungible? The effects of agricultural subsidy and disaster relief on household consumption in China
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This 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.
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Are different income sources fungible? The effects of agricultural subsidy and disaster relief on household consumption in China
In: International Food and Agribusiness Management ReviewSearch for other papers by Xiaohui Peng in
Current site
Google Scholar
PubMed
Search for other papers by Li Zhao in
Current site
Google Scholar
PubMed
Search for other papers by Chengyan Yue in
Current site
Google Scholar
PubMed
Search for other papers by David Ahlstrom in
Current site
Google Scholar
PubMed
This 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.
| All Time | Past 365 days | Past 30 Days | |
|---|---|---|---|
| Abstract Views | 0 | 0 | 0 |
| Full Text Views | 419 | 206 | 9 |
| PDF Views & Downloads | 151 | 105 | 4 |
