Income Growth in Shaanxi Province Drives Urban Residents' Consumption Increase
The study looked at how the income of urban residents in Shaanxi Province affects their spending habits from 1984 to 2010. They found that there is a stable relationship between income and consumption, with income leading to increased spending. The researchers also discovered that any short-term differences between income and spending quickly adjust to reach a long-term balance. To boost consumption among urban residents in Shaanxi Province, the government should focus on increasing residents' income and finding ways to control future spending increases.