@article{Peng:284913,
      recid = {284913},
      author = {Peng, Xiaohui and Zhao, Li and Yue, Chengyan and Ahlstrom,  David},
      title = {Are different income sources fungible? The effects of  agricultural subsidy and disaster relief on household  consumption in China},
      journal = {International Food and Agribusiness Management Review},
      address = {2018-09},
      number = {1030-2019-605},
      year = {2018},
      abstract = {This paper uses panel data from a sample of farm  households in the northeastern China to examine the  non-fungibility of different income sources. The results  show the private transfer income has a high and significant  impact on household consumption while agricultural subsidy  and disaster relief have insignificant impacts. Empirical  findings prove that the Behavioral Life Cycle Hypothesis is  more practical than the Life Cycle Hypothesis. Moreover,  they provide important macro policy implications as for how  to stimulate farm consumption and expand domestic demand  and encourage economic growth.},
      url = {http://ageconsearch.umn.edu/record/284913},
      doi = {https://doi.org/10.22004/ag.econ.284913},
}