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On People’s Living Standard from the Perspective of Tourism Engel Coefficient |
LIU Qing-qing, YE Quan-liang |
School of Business Administration, Zhongnan University of Economics and Law, Wuhan, Hubei, 430073 |
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Abstract Through sorting out the logical relationship among Engel coefficient, tourism Engel coefficient, and general well-being, this paper performs statistical test among the three from the time and space dimension. The finding shows the consumption structure is undergoing tremendous changes and people are switching from material consumption to spiritual consumption. In terms of living standard, people are moving from a well-to-do society toward affluence. Engel coefficient is no longer a reliable indicator for living standard, nor is happiness index a feasible measurement for it. Tourism Engel coefficient, however, is a more appropriate indicator for living standard. In view of this, the paper suggests possible ways for China to make the transition from Engel coefficient to tourism Engel coefficient in the measurement of people’s living level.
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Received: 07 February 2015
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