The Relationship between Residents' Consumption and Economic Growth in Chongqing

Consumption is drive economic growth is one of the three carriages, and at the same time, the economic growth of Chongqing has been from the traditional supply-oriented to demand-oriented change gradually. Therefore, the role of consumption in economic growth is more and more obvious, especially private consumption. Also, because the global financial crisis, how to improve consumer demand role in economic growth has become the hot spot, is also the focus of the regional government. Therefore, residents in Chongqing City, the relationship between consumption and economic growth are of great practical significance. In this paper, data from 1998-2009 Chongqing, based on Chongqing's economic status and level of consumption of the current situation shows that the current economic growth of Chongqing and the overall situation of the consumer, and through the Engel coefficient of the analysis and the use of econometric software Eviews5.0 establish Chongqing Economic Growth in household consumption and the regression model, found that urban and rural consumption and economic growth there is a positive correlation between the consumption of urban residents and rural residents will rise to changes in GDP change in the same direction, indicating that consumption of urban and rural residents can promote economic growth and urban residents consumption on economic growth, promote the consumption of rural residents than promote large. And then from the three major industries, income and consumption structure, etc., analyzes the factors that influence the consumer of, and relevant policy recommendations made to improve the level of consumption, and promote economic growth.