Household Consumption in China on the rise: Can China buy growth?
(2011) EKHR11 20111Department of Economic History
- Abstract (Swedish)
- This paper seeks to examine trends in Chinese household consumption. It is comprised of a two-fold study, which undertakes both an exploratory and an explanatory approach. First, an analysis into the nature of household consumption examines trends in purchasing habits. Specifically, data on the consumption and prevalence of durable household goods and major food commodities is gathered to establish both the yearly demand for such products, as well as to establish whether demand in the consumer market is met by domestic production. Second, an explanatory analysis of household consumption attempts to glean more insight into which factors may potentially induce increases in Chinese household consumption.
This study is undertaken in... (More) - This paper seeks to examine trends in Chinese household consumption. It is comprised of a two-fold study, which undertakes both an exploratory and an explanatory approach. First, an analysis into the nature of household consumption examines trends in purchasing habits. Specifically, data on the consumption and prevalence of durable household goods and major food commodities is gathered to establish both the yearly demand for such products, as well as to establish whether demand in the consumer market is met by domestic production. Second, an explanatory analysis of household consumption attempts to glean more insight into which factors may potentially induce increases in Chinese household consumption.
This study is undertaken in response to the suggestion that the current leadership of China has undertaken a fundamental shift in government policy which seeks to promote consumption-driven rather than export-led growth as a means to sustained transformation and long term economic growth.
The results suggest, coinciding with past studies, that government expenditure on social programs (welfare, pensions, etc) has a significant impact on household consumption, supporting theories of precautionary savings and their implicit effects on consumption levels. (Less)
Please use this url to cite or link to this publication:
http://lup.lub.lu.se/student-papers/record/2057577
- author
- Riley, Sharon LU
- supervisor
- organization
- course
- EKHR11 20111
- year
- 2011
- type
- H1 - Master's Degree (One Year)
- subject
- keywords
- China, household consumption, economic growth, domestic market, precautionary saving
- language
- English
- id
- 2057577
- date added to LUP
- 2011-08-09 11:30:43
- date last changed
- 2011-08-09 11:30:43
@misc{2057577,
abstract = {{This paper seeks to examine trends in Chinese household consumption. It is comprised of a two-fold study, which undertakes both an exploratory and an explanatory approach. First, an analysis into the nature of household consumption examines trends in purchasing habits. Specifically, data on the consumption and prevalence of durable household goods and major food commodities is gathered to establish both the yearly demand for such products, as well as to establish whether demand in the consumer market is met by domestic production. Second, an explanatory analysis of household consumption attempts to glean more insight into which factors may potentially induce increases in Chinese household consumption.
This study is undertaken in response to the suggestion that the current leadership of China has undertaken a fundamental shift in government policy which seeks to promote consumption-driven rather than export-led growth as a means to sustained transformation and long term economic growth.
The results suggest, coinciding with past studies, that government expenditure on social programs (welfare, pensions, etc) has a significant impact on household consumption, supporting theories of precautionary savings and their implicit effects on consumption levels.}},
author = {{Riley, Sharon}},
language = {{eng}},
note = {{Student Paper}},
title = {{Household Consumption in China on the rise: Can China buy growth?}},
year = {{2011}},
}