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| Consumer Protection and Consumption: Evidence from Complaint Data of SAIC |
| WANG Xianghong, SONG Aixian, SUN Wenkai
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| School of Economics, Renmin University of China |
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Abstract This paper uses a unique data set to empirically investigate the effect of consumer protection on consumption, which has been less studied in China. A panel data set was collected from 2009 to 2014 which includes provincial quarterly information on processing of consumer complaints. We use fixed effect model and instrumental variable method to estimate the effect. We found a significantly positive and robust causal effect between consumer protection and consumption. Based on the result, the decline of consumer protection in recent years may partly explain the decline in consumption growth rate. The statistics also shows that the reduction in members of consumer protection staff per ten thousand people can explain the decline of consumer protection. This study provides a new perspective to understand the low consumption rate in China and has direct policy implications.
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Received: 30 August 2017
Published: 01 November 2018
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