Chinese national savings empirical research（中国国民储蓄实证研究）.doc

Chinese national savings empirical research Abstract: From a structural point of view, the national savings including household savings, corporate savings, government savings, usually in accordance with the flow of funds table is calculated on the three is unscientific, should be made directly with the expenditure approach for calculation of national accounts data for the reform and opening up household savings, corporate savings, government savings number. Chinese savings rate trends should be primarily by the corporate savings, government savings to explain residents’ savings since the reform and opening up a whole remained stable. Keywords: national savings; household savings; corporate savings; government savings I. Introduction High savings (ie savings GNI GNI proportion of GNP can be expressed GNI, said in the text of the savings are savings as a percentage of GNP is) is a typical feature of China’s macro. In recent years, China is on the increase national savings, from a structural point of view, the national savings including household savings, corporate savings, government savings. Three in-depth analysis of the proportion of national savings and dynamic relationships, help deepen understanding of the phenomenon of China’s high savings, and for the regulation of national savings to provide evidence. On this issue, there are some cross-sectional study, Li Yang, Yin Jianfeng (2007) studied the flow of funds through the main conclusions: the household sector’s savings rate is still significantly higher than the corporate sector and the government sector, but showing the long-term downward trend; corporate sector overall savings rate is rising; government sector savings rates remain low after the 20th century, the 21st century began to grow rapidly. Louis Kuijs (2005) also uses funds flow statement The main conclusions: China’s high savings rate more by businesses and governments to promote. He Xinhua, Cao Yongfu (2005) has a similar analy