Author_Institution :
Manage. Dept., Xi´an Univ. of Sci. & Technol., Xi´an, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE\´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
With domestic residential housing market converting from "resources orientation" to "market orientation", it\´s a cry for the government and the housing suppliers to know well about the characteristic of housing consumption pattern of urban households. In this paper, based on the statistics of economic development level and Engel coefficients, rationality of housing consumption ratio of Shaanxi urban households is analyzed with some countries with similar situation as reference, it is found that reasonable housing consumption ratio of Shaanxi urban households shall be within range of 7~12%, the actual average level is in the reasonable range but on the higher side; based on the statistics of dispensable income and housing consumptions of urban households with different income level, housing consumption elasticity to dispensable income are analyzed for Shaanxi province and China, it is found that elasticity of housing consumption to income of low, middle lower, middle, middle high and high income group are 0.51, 0.60, 0.88, 0.87 and 0.87 respectively with average level of all income groups being 0.77 for Shaanxi citizen; and elasticity of housing consumption to dispensable income of low, middle lower, middle, middle high and high income group are 1.00, 0.96, 0.96, 0.94 and 0.98 respectively with the average level of all income groups being 0.94 for citizen of China. It is recommended that housing polices of Shaanxi province shall be made according to its concrete situations.
Keywords :
construction; economics; statistical analysis; Engel coefficients; Shaanxi province; dispensable income; domestic residential housing market; economic development level; housing consumption elasticity; housing consumption pattern; housing consumption ratio; market orientation; resources orientation; statistics; urban households; Data models; Economic indicators; Elasticity; Equations; Government; Mathematical model;
