This page has only limited features, please log in for full access.

Prof. Peng Su
School of Economics, Anyang Normal University, Anyang 455000, China

Basic Info


Research Keywords & Expertise

0 Industrial Economics
0 Price analysis
0 China's economic problems
0 quantitative economics
0 Energy Economy and Management

Honors and Awards

The user has no records in this section


Career Timeline

The user has no records in this section.


Short Biography

The user biography is not available.
Following
Followers
Co Authors
The list of users this user is following is empty.
Following: 0 users

Feed

Journal article
Published: 14 February 2019 in Sustainability
Reads 0
Downloads 0

China’s consumption rate has continued to decline since 2000, which has retarded the sustainable growth of China’s economy. The dramatic changes in China’s income distribution have been very significant social characteristics, and they are also a very important factor for consumption. Therefore, this study analyzes the problem of insufficient domestic demand from the perspective of the effects of the income distribution changes on the consumption structure. The Almost Ideal Demand System model is improved by relaxing its assumption that expenditure equals income and giving it a dynamic form that includes the three characteristics of the income distribution evolution (the mean, variance, and residual effects) and measuring these. The results show that the mean effect is the largest one, and it basically determines the size and direction of the total effect. The variance effect is much smaller, but it may have some positive effects on the individual markets. The residual effect is the smallest and has a certain randomness. The income gap is not the main cause of the insufficient domestic demand. It is more likely to be caused by the decline of the mean effect, and the main driver of this is the irrationality of the supply side and excessive housing prices.

ACS Style

Peng Su; Xiaochun Jiang; Chengbo Yang; Ting Wang; Xing Feng. Insufficient Consumption Demand of Chinese Urban Residents: An Explanation of the Consumption Structure Effect from Income Distribution Change. Sustainability 2019, 11, 984 .

AMA Style

Peng Su, Xiaochun Jiang, Chengbo Yang, Ting Wang, Xing Feng. Insufficient Consumption Demand of Chinese Urban Residents: An Explanation of the Consumption Structure Effect from Income Distribution Change. Sustainability. 2019; 11 (4):984.

Chicago/Turabian Style

Peng Su; Xiaochun Jiang; Chengbo Yang; Ting Wang; Xing Feng. 2019. "Insufficient Consumption Demand of Chinese Urban Residents: An Explanation of the Consumption Structure Effect from Income Distribution Change." Sustainability 11, no. 4: 984.

Journal article
Published: 20 March 2018 in Sustainability
Reads 0
Downloads 0

China has had an investment-led growth pattern that is unsustainable. It is struggling to shift to a consumption-driven economy, and capital adjustment is crucial to the transition. In response, the principal objective of this study is to analyze the internal market mechanism of China’s capital adjustment. Due to the imperfections of the market, we use the flexible acceleration model, which we put in an IS (Investment – Saving equation)–LM (Liquidity preference – Money supply equation) framework in order to reflect the guiding role of demand. The results show that the flexible acceleration model fits China’s investment well, and the demand-oriented market mechanism of capital adjustment has been formed; however, China’s market adjustment ability is not strong. The adjustment coefficient is only 0.22, and shows a decreasing trend. So, in the capital optimization process, relying on the market alone is not realistic. Furthermore, the calculated replacement rate is up to 0.429, which indicates that China’s capital is less efficient, and there are duplicated assets, idle assets, and wasted investments. The error correction model’s results show that the impact of the interest rate on the investments is not significant in the short term, so the existence of invalid capital is more likely to stem from the soft budget constraints, which require attention.

ACS Style

Peng Su; Xiaochun Jiang; Wei Sun. The Flexible Acceleration Mechanism of China’s Capital Adjustment with the Goal of Consumption-Driven Sustainable Growth. Sustainability 2018, 10, 886 .

AMA Style

Peng Su, Xiaochun Jiang, Wei Sun. The Flexible Acceleration Mechanism of China’s Capital Adjustment with the Goal of Consumption-Driven Sustainable Growth. Sustainability. 2018; 10 (3):886.

Chicago/Turabian Style

Peng Su; Xiaochun Jiang; Wei Sun. 2018. "The Flexible Acceleration Mechanism of China’s Capital Adjustment with the Goal of Consumption-Driven Sustainable Growth." Sustainability 10, no. 3: 886.