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Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022

The total retail sales of consumer products show how much people's living conditions have improved through time, as well as the extent to which their social commodity purchasing power has been realized and the state of urban consumption. In this paper, the ridge regression approach is utilized...

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Main Authors: Hong, Ma, Oliver Valentine Eboy,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2024
Online Access:http://journalarticle.ukm.my/23935/1/156_169_628122457541PB.pdf
http://journalarticle.ukm.my/23935/
https://ejournal.ukm.my/gmjss/index
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spelling my-ukm.journal.239352024-08-07T02:50:11Z http://journalarticle.ukm.my/23935/ Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022 Hong, Ma Oliver Valentine Eboy, The total retail sales of consumer products show how much people's living conditions have improved through time, as well as the extent to which their social commodity purchasing power has been realized and the state of urban consumption. In this paper, the ridge regression approach is utilized to analyze the relationship between the total retail sales of social consumer products and urban inhabitants’ per capita income, rural inhabitants’ per capita income, urban inhabitants’ per capita consumption expenditure, rural inhabitants’ per capita consumption expenditure, urbanization rate, the resident population at year-end, population density in Hebei province from 2010 to 2022. The findings indicate that urban inhabitants' per capita income has the biggest impact on the total retail sales of social consumer products in Hebei Province, while rural inhabitants' per capita consumption expenditure has the littlest effect. Finally, to sustain and healthy development of the domestic consumer market, four recommendations are made in light of the analyses' findings: (1) Encouraging businesses to actively support the co-development of the real economy and the online virtual economy. (2) The government should continue to reform the income distribution, narrow the income disparity between urban and rural regions, and promote the co-development of urban and rural regions, (3) The government should keep working to strengthen the system of social insurance and expand the coverage of social insurance, and (4) The government should create a good consumption environment, crack down on counterfeiting, punish illegal acts of counterfeiting and selling fakes, and ensure food safety. Penerbit Universiti Kebangsaan Malaysia 2024-05-31 Article PeerReviewed application/pdf en http://journalarticle.ukm.my/23935/1/156_169_628122457541PB.pdf Hong, Ma and Oliver Valentine Eboy, (2024) Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022. Geografia : Malaysian Journal of Society and Space, 20 (2). pp. 156-169. ISSN 2682-7727 https://ejournal.ukm.my/gmjss/index
institution Universiti Kebangsaan Malaysia
building Tun Sri Lanang Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Kebangsaan Malaysia
content_source UKM Journal Article Repository
url_provider http://journalarticle.ukm.my/
language English
description The total retail sales of consumer products show how much people's living conditions have improved through time, as well as the extent to which their social commodity purchasing power has been realized and the state of urban consumption. In this paper, the ridge regression approach is utilized to analyze the relationship between the total retail sales of social consumer products and urban inhabitants’ per capita income, rural inhabitants’ per capita income, urban inhabitants’ per capita consumption expenditure, rural inhabitants’ per capita consumption expenditure, urbanization rate, the resident population at year-end, population density in Hebei province from 2010 to 2022. The findings indicate that urban inhabitants' per capita income has the biggest impact on the total retail sales of social consumer products in Hebei Province, while rural inhabitants' per capita consumption expenditure has the littlest effect. Finally, to sustain and healthy development of the domestic consumer market, four recommendations are made in light of the analyses' findings: (1) Encouraging businesses to actively support the co-development of the real economy and the online virtual economy. (2) The government should continue to reform the income distribution, narrow the income disparity between urban and rural regions, and promote the co-development of urban and rural regions, (3) The government should keep working to strengthen the system of social insurance and expand the coverage of social insurance, and (4) The government should create a good consumption environment, crack down on counterfeiting, punish illegal acts of counterfeiting and selling fakes, and ensure food safety.
format Article
author Hong, Ma
Oliver Valentine Eboy,
spellingShingle Hong, Ma
Oliver Valentine Eboy,
Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
author_facet Hong, Ma
Oliver Valentine Eboy,
author_sort Hong, Ma
title Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
title_short Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
title_full Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
title_fullStr Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
title_full_unstemmed Analysis on influencing factors of total retail sales of consumer goods in Hebei Province from 2010 to 2022
title_sort analysis on influencing factors of total retail sales of consumer goods in hebei province from 2010 to 2022
publisher Penerbit Universiti Kebangsaan Malaysia
publishDate 2024
url http://journalarticle.ukm.my/23935/1/156_169_628122457541PB.pdf
http://journalarticle.ukm.my/23935/
https://ejournal.ukm.my/gmjss/index
_version_ 1806700414382374912
score 13.211869

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