Empirical Analysis on The Consumption Structure of Urban Residents in Tianjin Based on ELES Model
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Based on the per capital income of urban residents in Tianjin and other data related to the consumption structure, combined with the extended linear expenditure (ELES) model, we can make an empirical analysis of the consumption structure of urban residents in Tianjin in the six years from 2010~2015, and through the calculation of basic consumption expenditure, income elasticity and price elasticity analysis in recent years, we can also learned the dynamic changes of the consumption structure of urban residents in Tianjin. The results show that the consumption demand of Tianjin urban residents is not strong enough, the consumption structure is not reasonable, the proportion of consumption expenditure is low, and household equipment and transportation are more sensitive to income and their own price.
ELES Model, Urban Residents, Consumption Structure