消费金融公司的设立对居民消费支出的影响研究——基于面板数据的实证研究

为了以消费增长推动经济的发展，我国于2010年先后在北京、上海、天津、四川四个地区设立了消费金融公司。论文以我国15个地区2003年到2012年的面板数据为样本，研究了消费金融公司的设立对我国居民的消费支出产生的影响。建立模型时，首先对15个省市总体情况进行研究，然后重点对四个消费金融公司行政总部所在民消地的居民消费支出情况进行研究。结果发现，不管是全国范围内还是以上四个地区。都不能得出居民的消费支出受消费金融公司的影响而增加的结论。因此，为更好地发挥其作用，我国消费金融公司还需进一步扩大经营规模与影响力。

How the Establishing of Consumer Financing Companies Impact the Household Consumption Expenditure---Empirical Study Based on Panel Data

In 2010, Chinese government successively set up four consumer financing companies in Beijing, Shanghai, Tianjin and Sichuan province, aiming at driving the development of economy in China. The paper studies how the establishing of the four companies affects the household consumption expenditure using the data of 15 different districts from 2003 to 2012. In the research, the household consumption expenditure of the 15 districts presented the condition of the whole country is studied firstly. Then the research focuses on the condition of the above four districts. Finally, we find that not only in the nationwide, but also in Beijing, Shanghai, Tianjin and Sichuan province, the promotion of consumer finance companies doesn＇t have an important role in the consumption growth. Therefore, consumer financing companies should extend their operation range and influence in China.