Title: Analysis of the consumption changes and their influence on the economic growth
Abstract: By using the data provided by Statistical Yearbook of Shandong province, the changing tendency of propensity to consume, marginal propensity to consume and income elasticity of consumption about the consumption of Shandong province are analyzed. By the method of artificial neural networks, the value of propensity to consume, marginal propensity to consume and income elasticity of consumption of 2003 are forecasted. With the method of calculus of variations, a most optimal consumption ratio is confirmed, which is helpful for the development of economics. Finally, the degree that the changes of consumption influences the economic growth is analyzed.
Publication Year: 2005
Publication Date: 2005-01-01
Language: en
Type: article
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