Abstract:As an important support for the new development pattern of “dual circulation”, the construction of modern circulation system is expected to promote the common prosperity between urban and rural areas at the same time. Combined with Marx's social reproduction theory, this paper explains the impact mechanism of the development of circulation industry (DCI) on the urban-rural consumption gap from the dual perspectives of supply side and demand side, and conducts an empirical test based on China's provincial panel data. The results show that the DCI can significantly narrow the urban-rural consumption gap, which is mainly due to the more positive effect of the DCI on the rural residents' consumption. The mechanism tests show that there are two channels: one is that the DCI plays a more prominent role in boosting the income of rural residents, thereby promoting rural residents' consumption from the demand side; the other is that the DCI can strengthen rural residents' consumption desire by improving commodity supply conditions. Heterogeneity analysis not only demonstrates the positive role of DCI, but also shows that the financial support in transportation infrastructure and in undeveloped areas, DCI will benefit more to common prosperity between urban and rural areas. In the future, China should continue to construct the modern circulation system and improve the position of domestic circulation. It is also important to strengthening the “Effective Government” in key areas.
刘向东,何明钦,安婷. 流通业发展与城乡消费差距——基于供需侧视角的机制研究[J]. 商业经济与管理, 2023, 43(6): 18-33.
LIU Xiangdong, HE Mingqin, AN Ting. Impact of Development of Circulation Industry on Urban-rural Consumption Gap: A Study Based on Supply-Demand Perspectives. Journal of Business Economics, 2023, 43(6): 18-33.