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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