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2006•Unpublished venueRequires access

Analyzing the Consumption Structure of China's Rural Residents According to ELES Model

Shen Han-x

Open publisher page 1 citations

Abstract

ELES(Extended Linear Expenditure System) is a good demand model which has exphcit economic meaning and is used extensively. This article, using the income and consumption data of China's rural residents in 2004 to estimate its demand function, comes to a conclusion: basic expenditure of rural residents is 1384.65yuan(RMB) per capita annually; communication and transportation are luxury in rural area; increase of food price will greatly affect demand for other products.

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What this paper is about

ELES(Extended Linear Expenditure System) is a good demand model which has exphcit economic meaning and is used extensively. This article, using the income and consumption data of China's rural residents in 2004 to estimate its demand function, comes to a conclusion: basic expenditure of rural residents is 1384.65yuan(RMB) per capita annually; communication and transportation are luxury in rural area; increase of food price will greatly affect demand for other products.

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Available abstract

ELES(Extended Linear Expenditure System) is a good demand model which has exphcit economic meaning and is used extensively. This article, using the income and consumption data of China's rural residents in 2004 to estimate its demand function, comes to a conclusion: basic expenditure of rural residents is 1384.65yuan(RMB) per capita annually; communication and transportation are luxury in rural area; increase of food price will greatly affect demand for other products.

Key concepts: Renminbi, Consumption (sociology), Per capita, China, Economics, Consumption function, Agricultural economics, Meaning (existential)

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