Corporate Saving, Household Saving, and Gross National Savings: Analysis by Provincial Panel and Time Series Data in China
Corporate Saving, Household Saving, and Gross National Savings: Analysis by Provincial Panel and Time Series Data in China
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企业储蓄、家庭储蓄和国民储蓄总额：中国省级面板数据和时间序列数据的分析
DOI：
10.1080/10971475.2021.1892918
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发表时间：
2021
期刊：
影响因子：
--
通讯作者：
Junmin
中科院分区：
文献类型：
--
作者：
Wan;Junmin
中美经常账户失衡是当前贸易摩擦的主要原因。中国的国内储蓄多年来一直超过国内投资，正在流入美国。我们试图解释为什么从1952年到2020年，中国在国民生产总值、家庭、企业、政府和其他储蓄方面的储蓄如此之多。我们根据国民账户体系和国内银行存款准备了两组时间序列数据，并进行了比较。 69年来（1952年至2020年），除1988年至2007年外，企业储蓄是国内储蓄的最大来源。家庭储蓄由收入增长、消费习惯、收入分配、社会保障支付、遗赠金钱的愿望、独生子女政策和投机性储蓄决定。为了探究企业储蓄，我们通过估算2000年至2010年“一定规模产业”的省级企业储蓄，进行面板回归分析。托宾边际Q、最低工资增长、私营企业比例、企业所得税率和人口增长均显着影响企业储蓄。
The current account imbalance between the U.S. and China is the principal cause of the ongoing trade friction. China’s domestic savings, which have exceeded domestic investment for many years, are flowing into the U.S. We sought to explain why China saved so much in terms of all of gross national, household, corporate, government, and other savings from 1952 to 2020. We prepared two sets of time-series data based on the SNA and deposits in domestic banks, and compared them. Over the 69 years (1952-2020), corporate saving was the largest source of domestic saving, except from 1988-2007. Household saving was determined by income growth, consumption habits, income distribution, social security payments, the desire to bequeath money, the one-child policy, and speculative saving. To explore corporate saving, we performed panel regression analysis by estimating provincial corporate saving by “certain-sized industries” from 2000 to 2010. All of the Tobin marginal Q, minimum wage growth, the private enterprise ratio, the corporate income tax rate, and population growth significantly impacted corporate saving.