76 Empirical Analysis on Guangzhou City Residents' Consumption Structure

Since 1999, the city residents' consumption level and consumption structure in Guangzhou have big development, paying more attention to improve the quality of consumption. This article uses extended linear expenditure system model (ELES) and from the angles of marginal propensity to consume, basic consumption demand, income elasticity and price elasticity to analysis on city residents' consumption structure in Guangzhou and to understand the consuming rules of Guangzhou city residents, thereby providing policy suggestions for Guangzhou government to expand domestic demand, adjust the industrial structure, optimize and upgrade city residents' consumption structure.