Consumer Demand and Industrial Structure Transformation:A Micro-Empirical Study Based on Chinese Household Consumption Data
Based on a multi-sector growth model and urban household survey data from China,this study estimates consumer preference characteristics and examines how consumer demand influence macroeconomic structural transformation.Research has shown that for every 1％increase in Chinese consumer income during the sample period,the demand for agricultural products,industrial products,and service products each increased by approximately 0.51％,1.11％,and 1.31％.Consumer preferenc-es exhibit a stronger aversion towards agricultural products compared to services.This has a significant impact on the transformation of industrial structure.Counterfactual experiments indicate that the contri-bution of demand side factors(household consumption)to the transformation of China's industrial structure from 1978 to 2018 was approximately 80％Finally based on the theoretical model,this arti-cle explores the role of household demand in the development of China's digital industry.
NETL
NSTL
万方数据
