Empirical Analysis on the Relations between Rural Residents' Consumption and Economic Growth
Yanan Wei
Abstract
Yanan Wei
Abstract
By using the grey correlation method,the influences of rural residents' consumption at different periods to per capita GDP are analyzed,the results show that the consumption level of rural residents were increasing,but their contribution rate on economic growth showed the descending tend.The residential expenses stay in the major position of consumption expenses;the education and entertainment products and service consumption play an important role;the growth of transportation and telecommunication is slow;the expenses on medical care is low and its contribution rate on economic growth is relatively weak.The countermeasures on developing rural economy,increasing rural residents' income,improving rural consumption environment,accelerating rural infrastructure construction,constructing and perfecting rural social security system and expanding rural consumption credit market are put forward to expand rural residents' consumption demand and realize the sustainable development of economy.
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By using the grey correlation method,the influences of rural residents' consumption at different periods to per capita GDP are analyzed,the results show that the consumption level of rural residents were increasing,but their contribution rate on economic growth showed the descending tend.The residential expenses stay in the major position of consumption expenses;the education and entertainment products and service consumption play an important role;the growth of transportation and telecommunication is slow;the expenses on medical care is low and its contribution rate on economic growth is relatively weak.The countermeasures on developing rural economy,increasing rural residents' income,improving rural consumption environment,accelerating rural infrastructure construction,constructing and perfecting rural social security system and expanding rural consumption credit market are put forward to expand rural residents' consumption demand and realize the sustainable development of economy.
Key concepts: Consumption (sociology), Per capita, Business, Service (business), Rural area, Consumer spending, Per capita income, Economic growth