Rural consumer spending in Hebei province transformed by ELES model.
The article analyzed how rural residents in Hebei province spent their money from 1998 to 2007. By using the ELES model, the researchers looked at changes in what rural residents were buying. They found that the way rural residents spent their money had changed over time. The researchers suggested ways to help rural residents spend their money better, like improving the places where they shop, creating a social safety net for them, and changing the types of things they buy.