Jiangxi Rural Consumer Research

The theme of this paper is to study consumer behavior of rural households in Jiangxi province by employing the econometrics models. The paper includes eight parts:Chapter One: Introduction. The author explains why he chooses this topic, and proposes framework of the paper, uses studying methods, puts forward some possible innovations in the paper.Chapter Two: Brief Review on the Theories of Consumption Economy. The author analyzes all kinds of theory fruits of Marxism and western countries, then evaluates simply on them.Charter Three: Consumption Playing Important Role in the Economic Growth. The author puts forward that consumption has a pull force on the economic growth, creates human capital, can avoid economic recession, and leads industrial structure continuous upgrade.Charter Four: Analyzing on Consumption Level and Composition of Rural Households in Jiangxi Province. In this part, the author points that the consumption level of rural households is increased, and finds it belong to a consumption model of hysteresis compared with national economic growth, with the development of economy, this kind of model should change to a consumption model of synchronism.The consumption composition of rural households in Jiangxi province changes obviously from the profiling, however it also shows great differences from the transverse section. These differences are: (1) the consumption of rural households gap between different income group is larger; (2) the difference on households facilities, foods, transportation and communication is larger between urban and rural households; (3) the consumption level and composition difference is smaller among rural households, who live separately in plain, hill, and mountain areas; (4) the average propensity to consumer of 4-6-person size families is higher among other size families; (5) the consumption level and composition of rural households in Zhejiang province is higher ,compared with rural households in Jiangxi province . In a word, the consumption level and composition of rural households in Jiangxi province is changing from the stage of dressing warmly and eating their fill to comfortably well-off.Chapter Five: Analyzing Consumption Composition of Urban and Rural Households by Suing Econometric Model. The author studys consumption of urban and rural households in Jiangxi province by using extended linear expenditure system (ELES) model. The studyingconclusions are as following:First, the time-sequence analysis of consumption composition of urban and rural households shows that: (1) the long-term marginal propensity to consume (MFC) of rural households in Jiangxi province is bigger than that of households in urban; (2) the income elasticity of demand of rural households on such goods as transportation and communication. culture and education, other goods is over 1.Second, cross section data analysis of consumption composition of urban and rural households shows that: (1) MFC of urban households is lower than its in long-term; (2) MFC of rural households is lower than that of urban households ;(3) the income elasticity of rural households on such good as transportation and communication, housing, dressing, culture and education is high, but low on household facilities; (4) the response of urban households on an}7 goods' price is sensitive than that of rural households; (5) the changing foods price of urban and rural households can great affect consumption of other goods.Chapter Six: Analysis on Consumption Function of Rural Households in Jiangxi Province. The main conclusions are that: (1) the consumption of urban and rural households is sensitive to current income changing ;(2) the consumption of urban and rural households is sensitive to permanent income changing, and rural household's reaction is stronger than that of urban households; (3) 'the demonstrative effect 'of rural households is stronger than that urban households ;(4) the consumption of urban and rural households is less sensitive to the interest rate changing; (5) the consumption of...