A Study On Resident Consumption In West Coast Strait Economic Zones

Study on consumption is always a very important problem in economic field.but under the stern situation of the international finance crisis,how to initiate the domestic need to stimulate consumption which is a important factor in keeping our country economy sustained and stable development has became a more important subject in our economic research field.Looking over 30 years' reform-opening,our country economy has realized fast development,the main powers which depends on are the investment and the exportation, but the consumption which is one of the troika pulling economic growth is still in the poor state.Recently,our country's final consumption rate was on the low side,in which resident consumption rates was more prominent.The proportion of resident consumption in final consumption and the proportion of resident consumption in GDP(resident consumption rates) both showed downtrend.Insufficient consumption has already caused our country current economic structure to be unbalanced,and has become the bottleneck which has been restricting economy to grow sustainingly and stably and hindering the realization of the eleventh five-year economical strategic target.This article aims at the problem of insufficient consumption in the west coast strait economic zones which has attracted great attention of the current country to carry on the research analysis,in order to overcome the defects of ordinary least squares widely used in researches on the problem of traditional consumptions,this article introduces analysis model in the front research area of econometric approach-quantile regression for panel data,and applies the model to the consumption theory which enriches not only econometric models in the consumption theory,but also provides a very good direction to make better research for the quantile regression,analysis in the least squares method.The innovation in the paper mainly lies in:(1)accord to the analysis and research to the resident consumption in west coast strait economic zones,draw a conclusion that the spontaneous consumption level exists differences in the various areas of Heisey. (2)make a more deeply analysis about the application of quantile regression method in panel data model,and compare the results obtained by different regression estimate methods in panel data model.(3)use least squares method and quantile regression to compare estimate results about the equation of per person consumption and income in Heisey residents,show that the quantile regression method is remarkable in panel data.(4)introduce the dynamic model of consumption theory and make a analysis of quantile regression for urban residents and rural residents to obtain some significant conclusions,so I provide some suggestions and correlated policies for the problem of president consumption on the basis of conclusions.