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Dynamic Evolution Analysis on Consumption Structure of Rural Residents in Shanxi

Chen Jin-ling

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Abstract

Based on the extended linear expenditure system model(ELES) expansion theory,with cross-sectional data and time series,this paper empirically studies consumption structure trend of rural residents in Shanxi during 2005-2009,and analyzes marginal propensity to consume,income elasticity of demand and price elasticity.We get the appropriate conclusions and put forward relative suggestions.

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What this paper is about

Based on the extended linear expenditure system model(ELES) expansion theory,with cross-sectional data and time series,this paper empirically studies consumption structure trend of rural residents in Shanxi during 2005-2009,and analyzes marginal propensity to consume,income elasticity of demand and price elasticity.We get the appropriate conclusions and put forward relative suggestions.

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Available abstract

Based on the extended linear expenditure system model(ELES) expansion theory,with cross-sectional data and time series,this paper empirically studies consumption structure trend of rural residents in Shanxi during 2005-2009,and analyzes marginal propensity to consume,income elasticity of demand and price elasticity.We get the appropriate conclusions and put forward relative suggestions.

Key concepts: Marginal propensity to consume, Economics, Econometrics, Elasticity (physics), Price elasticity of demand, Income elasticity of demand, Consumption (sociology), Agricultural economics

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