The Urban - Rural Differences of Inflation in China
研究中国城乡价格指数差异及其影响因素,发现1995年前政策变化是主因,之后城乡消费品零售额、城镇化率、固定资产投资和GDP差距可解释大部分差异。
The duality of Chinese economy has segregated the urban and rural markets,and caused urban-rural price differences.With the transition to market economy,the differences between urban and rural price indexes have been reducing,and the price gap shrinking.In the context of rural and urban integration,this shall be a medium-and long-term trend in China.In examining the factors determining the price index differences,the paper found that prior to 1995,policy changes have been the major factor.Afterwards,factors such as urbanrural retail sales of consumer goods,degree of urbanization,fixed asset investment and GDP gap can explain a significant part of such differences.