A Study On The Impact Of Consumer Credit On Consumption Structure In Xinjiang

In recent years, how to improve the consumer demand is the focus of our country. Toimprove consumer demand, we must study whether the consumption structure is reasonable.Reasonable consumption structure is benefit for promoting the consumption upgrade andenhancing consumer sustainable growth in Xinjiang. Consumer credit plays an important rolein the promotion of inhabitants’ effective demand. It is an important tool of national economicdevelopment and economic restructuring, and conducive to improving people’s livingstandard and life quality.Based on the theory of the consumption function and theory of consumer credit, thisessay put forward reasonable consumption structure standard and expounds the consumercredit to stimulate consumer demand, speed up the optimization and change the consumptionconcept of residents. It is the three ways that promote the optimization of the consumptionstructure consumption structure in Xinjiang, which established a theoretical model ofconsumer credit consumption structure:LnVt LnCDt Lny t.This essay selected the consumer data of Xinjiang from1985to2012, and gave thedescriptive analysis of the current situation of consumption credit in Xinjiang. The Engelcoefficient method, degree of structure variation were used to describe the status quo ofXinjiang consumption structure, and the consumption structure was initially divided into threestages, simple stage and advanced stage of life as well as the optimization of the quality of lifestage. Finally the chow test was used to prove whether the division is correct. Though theanalysis of the status quo of consumption credit in Xinjiang, we can conclude that the totalquantity of the consumption credit in Xinjiang is increasing, the individual housing loans andcar consumption loans are primary. Through correlation analysis and analysis of thecontribution rate, we get the conclusion that two main factors affecting the consumptionstructure of Xinjiang: consumer credit and income.Although the consumption structure of Xinjiang is in the third stage now, there areproblems such as low per capita consumption and food expense accounted for a relativelyhigh. Because the income cannot increase quickly in the short term, and there is hugedevelopment space for consumer credit to optimize the consumption structure, this essayselected dates of Xinjiang from1999to2012about the balance of consumer credit, thedisposable income of residents and eight consumption the structure, with the use of multiple regression equation, verified the positive effects of consumer credit on consumption structureoptimization. Based on this conclusion, this essay raised the idea of promoting thedevelopment of consumer credit and countermeasures and suggestions of optimizing theconsumption structure by optimizing the credit structure, improving the consumption ofconsumer credit products, changing the consumption idea and adjusting the income gap.