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Forecasting Chinese Households’ Demand from Home Production

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  • Yabin Wang

    (University of California, Santa Cruz)

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    Abstract

    As the Chinese market economy expands and market institutions become stronger, there will be more incentives for Chinese households to substitute market activity for home production.The goal of this paper is to provide a quantitative analysis of the potential Chinese consumer demand for household services. Using dataset from the American Time Use Survey and the China Health and Nutrition Survey, I compare households’ demand for services and home production between US and China. A standard choice-theoretic model of the household is used to estimate the structural parameters and to quantitatively forecast Chinese households’ service demand.

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    File URL: https://www.conference-board.org/download.cfm?masterProductID=7769
    File Function: 2013
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    Bibliographic Info

    Paper provided by The Conference Board, Economics Program in its series Economics Program Working Papers with number 13-01.

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    Length: 31
    Date of creation: Jun 2013
    Date of revision:
    Handle: RePEc:cnf:wpaper:1301

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