Does Financial Development Promote the Growth of Property Income of China’s Urban and Rural Residents?

The property income growth of urban and rural residents is an important part of the continuous increase in the disposable income of these residents, which is also inseparable from the deepening development of the financial market. After sorting out the various sources of income that affect residents...

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Veröffentlicht in:Sustainability 2021-03, Vol.13 (5), p.2849
Hauptverfasser: Peng, Xiaozhun, Lu, Hongyou, Fu, Jiaming, Li, Zhijuan
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creator Peng, Xiaozhun
Lu, Hongyou
Fu, Jiaming
Li, Zhijuan
description The property income growth of urban and rural residents is an important part of the continuous increase in the disposable income of these residents, which is also inseparable from the deepening development of the financial market. After sorting out the various sources of income that affect residents’ property in the existing research and controlling regional fixed effects, based on data from 31 provinces in China, this article considers important financial factors and the process of urbanization as explanatory variables to perform panel regression on the property income of provincial residents under fixed effects and random effects. In the context of large differences in the investment environment between urban and rural areas, we further examine the effects of financial factors on the property income of urban and rural residents. Only by expanding the investment opportunities and enhancing the investment ability of the residents, can the property income of the residents, especially the rural residents, be guaranteed to grow steadily and sustainably.
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source MDPI - Multidisciplinary Digital Publishing Institute; EZB-FREE-00999 freely available EZB journals
subjects Developing countries
Disposable income
Economic development
Economic growth
Expenditures
Financial factors
Income distribution
Industrial development
LDCs
Macroeconomics
Per capita
Provinces
Rural areas
Rural populations
Securities markets
Sustainability
Urban areas
Urbanization
title Does Financial Development Promote the Growth of Property Income of China’s Urban and Rural Residents?
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