Consumption Structure Of Urban Residents Of The Optimization In Hebei Province

Consumption structure is a multi-level, multi-angle specified sector of the economy.Residents’ Consumption Structure is not only the most important part of the microscopicconsumption structure and the foundation of the macro-structure of consumption, but also isan important aspect of economic structure. Residents’ consumption structure is determined bythe independent consumer activities residents. The consumption is not only private,micro-activities, but also an important part of the social reproduction and an important aspectof a macroeconomic. Therefore, whether the consumer is in the healthy functioning of stateinstitutions, is bound to affect the optimization and upgrading of industrial structure.Meanwhile, consumption structure will affect the ratio between accumulation andconsumption, thereby affecting the sustained and stable development of the nationaleconomy.In this paper, Hebei Province, analyzes the characteristics and changes in urbanresidents’ consumption structure. For a more comprehensive analysis of changes in thestructure of residents’ consumption and living standards, this paper uses a dynamiccombination of static analysis, the combination of horizontal and vertical analysis method.Firstly, this paper selects the2000-2011consumption data on consumption level andconsumption structure of urban residents in Hebei to have a quantitative analysis, andconduct periodic analysis of the Engel coefficient of variation, the changes of theconsumption structure index for comparison. Secondly, this paper gives regression analysis ofthe data using ELES model. Analyze the characteristics of the consumption structure, such asbasic consumer spending, the marginal propensity to consume, the income elasticity and priceelasticity.Based on the above data analysis, the paper further describes the characteristics of theconsumption structure of urban residents in Hebei Province. The level of consumption hassignificantly increased, from mainly with food, clothing to transportation and communication,education and entertainment. Meanwhile, using comparative analysis of consumptionstructure of urban residents in Hebei to conclude the main problems, such as Engelcoefficient is relatively high, narrow resident consumption. To solve these problems the paper analyzes the impact of economic factors and non-economic factors, including income, socialsecurity, social and family. Finally, the paper combines with "five" plan to expand domesticdemand requirements, and make suggestions about optimizing the consumption structure ofurban residents in Hebei province. Than realize consumption on basic role in boosting theeconomy and lead to a virtuous cycle of consumer demand and economic growth. Eventuallyachieve comprehensive social progress.