On Relationship between Urbanization and Household Consumption—Based on an Empirical Analysis of Countries along “the Belt and Road”

doi:10.16716/j.cnki.65-1030/f.2019.05.007

Abstract

Abstract: Throughout the economic development of developed countries, with the continuous progress of urbanization, the consumption level of residents will continue to improve. Taking “the belt and road” countries as samples, we build panel data model to test the relationship between urbanization and household consumption level empirically by using the data of Shanghai Business School’s“the belt and road” database and the world bank statistical database. The results show that urbanization does promote residents’consumption level significantly, but when the urbanization rate is below 30%, the consumption level will decrease with the increasing of urbanization. Therefore, developing countries can achieve real sustainable development only when they develop urbanization with people-oriented, rational layout and coordinated development of large and medium-sized cities.

Key words: Countries along "the Belt and Road", Urbanization, Household Consumption, Fixed Effect Model

CLC Number:

F290

Liu Yufei, Shen Mengjia, Huang Yibei. On Relationship between Urbanization and Household Consumption—Based on an Empirical Analysis of Countries along “the Belt and Road”[J]. Finance & Economics of Xinjiang, 2019, (5): 70-80.

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