Full Article: PDF
Scientific Object Identifier: http://s-o-i.org/1.1/TAS-06-38-20
DOI: http://dx.doi.org/10.15863/TAS.2016.06.38.20
Language: English
Citation: Zhang Y, Du Y (2016) STUDY ON THE CONSUMPTION LEVEL OF RURAL RESIDENTS IN CHINA. ISJ Theoretical & Applied Science, 06 (38): 101-105. Soi: http://s-o-i.org/1.1/TAS-06-38-20 Doi: http://dx.doi.org/10.15863/TAS.2016.06.38.20 |
Pages: 101-105
Published: 30.06.2016
Abstract: Since the reform and opening-up, great changes have taken place in China and the public standards of living in China’s rural areas have improved dramatically. This paper aimed to figures out what factors that make difference on the consumption level of rural residents in China. Three affecting factors were chosen as explanatory variables: Rural Consumer Price Index, per capita disposable income of rural residents, Engel Coefficient of rural households. Then this paper made use of EVIEWS 3.1 for parameter estimation, model test and model modification. Final model estimation results shows that when rural residents’ per capita disposable income increases by 1 yuan, rural residents' consumption level will increase by 0.7277 yuan; when the Engel Coefficient of rural households rise by 1%, rural residents' consumption level will decrease by 6.5794 yuan. Some suggestions were also put forward at the end.
Key words: Consumption Level, Affecting factors, Rural Residents, China.
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