CAJ | 학술논문

“财富标志”是广义虚拟经济的重要概念之一。财富标志体现为居民的实体资产和金融资产，居民资产负债表中的资产结构变化就体现了财富标志的演变。本研究编制了1994-2009年中国居民部门金融资产负债表，并与加拿大、日本、英国和澳大利亚等四国的资产负债表进行对比，从资产负债表的角度研究了中国财富标志的演变。又采用热最优路径法研究了财富标志演变对物价水平和经济增长的影响。最后，提出了应对中国财富标志演变的政策建议。研究结果表明：住房、证券和存款充当了中国居民近20年来的主要财富标志；财富标志的类型在不同时期不同地区基本都一样，但是，各种类型的财富标志所占的比例很不一样，演变特点是物质性财富标志占比受土地的影响较大，非物质性财富标志比较分散，是财富标志泛化与转移的主力军；土地住房占比增长率的变化显著影响了CPI和GDP增长率的变化。
“재부표지”시엄의허의경제적중요개념지일。재부표지체현위거민적실체자산화금융자산，거민자산부채표중적자산결구변화취체현료재부표지적연변。본연구편제료1994-2009년중국거민부문금융자산부채표，병여가나대、일본、영국화오대리아등사국적자산부채표진행대비，종자산부채표적각도연구료중국재부표지적연변。우채용열최우로경법연구료재부표지연변대물개수평화경제증장적영향。최후，제출료응대중국재부표지연변적정책건의。연구결과표명：주방、증권화존관충당료중국거민근20년래적주요재부표지；재부표지적류형재불동시기불동지구기본도일양，단시，각충류형적재부표지소점적비례흔불일양，연변특점시물질성재부표지점비수토지적영향교대，비물질성재부표지비교분산，시재부표지범화여전이적주력군；토지주방점비증장솔적변화현저영향료CPI화GDP증장솔적변화。
Wealth identiifcation is one of the important concepts in generalized virtual economy. It relfects as household’s ifnancial assets and non-ifnancial attest, so the evolution of it is analyzed according to the change of asset structures of household’s balance sheets. This paper prepares household sector’s balance sheets in 1994-2009 and studies the evolution of wealth identification in China by comparing it to ones in Canada, Japan, UK and Australia. The paper analyzes economic impact of this evolution by the thermal optimal path method. The research gives some suggestion to deal with the changing wealth identification. The findings is as follows. Housing, securities and deposits were top three of Chinese household’s wealth identification over the past 20 years. The type of wealth identification is basically the same in the different time and space, but the ratios of these are very different. Land is the most important one in the material wealth identiifcation. However, the virtual one is widely dispersed, which is the major areas of generalization and shift of wealth identiifcation. The change of growth rate of ratio of land and housing to asset signiifcantly affects the change of CPI and GDP growth rate.