Research on the Pulling Effect of Consumption to Economic Growth:Based on the Contrast between Urban and Rural Consumption Structure
Wang Gui-ron
Abstract
Wang Gui-ron
Abstract
Consumption is the origin of national economic growth and the source of the increase of civic welfare. How to make the consumption of urban and rural residents be the driving force of China's economic development has become a hot topic in academic research. Based on the contrastive study of consumption structure between urban and rural residents,the research is to explore the differences of consumption structure between urban and rural residents in China,and the driving role consumption played in economy. Studies show that consumption has positively promoted the economic growth and the low level of residents' income and the great income difference prevent the economic growth to some degree. The difference between urban and rural residents' consumption structure results from the difference between urban and rural income level. The continuous strong residents' consumption comes from the continuous increase of residents' income. So it is necessary to improve the income level of residents,to reduce the income gap between urban and rural residents,to establish a healthy medical security system and to give a reasonable consumer guide to improve urban and rural consumption structure so that the driving role consumption played in economic growth could be achieved.
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Consumption is the origin of national economic growth and the source of the increase of civic welfare. How to make the consumption of urban and rural residents be the driving force of China's economic development has become a hot topic in academic research. Based on the contrastive study of consumption structure between urban and rural residents,the research is to explore the differences of consumption structure between urban and rural residents in China,and the driving role consumption played in economy. Studies show that consumption has positively promoted the economic growth and the low level of residents' income and the great income difference prevent the economic growth to some degree. The difference between urban and rural residents' consumption structure results from the difference between urban and rural income level. The continuous strong residents' consumption comes from the continuous increase of residents' income. So it is necessary to improve the income level of residents,to reduce the income gap between urban and rural residents,to establish a healthy medical security system and to give a reasonable consumer guide to improve urban and rural consumption structure so that the driving role consumption played in economic growth could be achieved.
Key concepts: Consumption (sociology), China, Consumer spending, Welfare, Autonomous consumption, Economics, Rural area, Economic growth