Private Household Consumption in China: A Study of People's Livelihood

Private Household Consumption in China: A Study of People's Livelihood
ISBN-10
0821304658
ISBN-13
9780821304655
Category
Consumption (Economics)
Pages
92
Language
English
Published
1984
Author
J. van der Gaag

Description

Until recently data on the economy of China has been scarce. In this paper we take a first look at private household consumption in China, using data for 1981 and 1982 published in the Statistical Yearbooks of China. We first show current consumption patterns, make some simple extrapolations for the period 1983-2000 based on various growth scenarios, and then estimate the Extended Linear Expenditure System (ELES) for China. Income, own-price and cross-price elasticities are also presented. The analyses are preceded by historical data for the period 1949-1979.

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