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The Impacts of Urban and Rural Household Consumption Upgrade #br# on Economic Growth in China
YU Jian
Journal of Renmin University of China ›› 2015, Vol. 29 ›› Issue (5) : 68-78.
The Impacts of Urban and Rural Household Consumption Upgrade #br# on Economic Growth in China
This paper draws on Chinese household consumption panel data from urban and rural areas across thirty provinces,autonomous regions and municipalities over the period 2004—2012,to investigate the impacts of urban and rural household consumption upgrade on economic growth in ChinaThe empirical results show that when the consumption upgrade is defined as the enlargement of relative consumption between industrial and agricultural goods,it can promote economic growth in industry while decrease that in agricultureHowever,household consumption upgrade fails to influence the economic growth rate in agriculture via the industrial structural upgrade,which in turn implies the limited explanation power of hypothesis that the change in industrial structure is the main reason depressing the economics growth in agricultureFurthermore,when the enlargement of relative consumption between service and manufacture goods is employed to characterize the consumption upgrade,household consumption structure will affect the economic growth in agriculture and industry only through the changes in investment structure rather than the changes in products structure and industrial structure
household consumption upgrade / economic growth / transmission mechanism {{custom_keyword}} /
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