TITLE:
The Impact of Industrial Structure on Household Expenditure—Based on a Personality Analysis Perspective
AUTHORS:
Qi Hua, Zhipeng Zhang
KEYWORDS:
Industrial Structure, Household Expenditure, Big Five Personality Trait
JOURNAL NAME:
Open Journal of Business and Management,
Vol.11 No.6,
November
29,
2023
ABSTRACT: This study takes changes in provincial industrial
structure as a background, and selects the data of individual and household
economy of CFPS 2010 and 2018 as samples,
and analyses the influence of the economic variable of industrial structure on household expenditure behaviour based on the perspective of Big
Five personality analysis. Based on the empirical results, the following
conclusions are drawn: first, the upgrading of industrial structure has a
significant role in promoting household expenditure behaviour; second, the role
of inter-provincial economic structure on household expenditure behaviour is
affected by the personality characteristics of the head of the household; and
third, the impact of inter-provincial economic structure on household economic
behaviour is heterogeneous in terms of region, urban and rural areas, and
income. The study further confirms the important influence of economic
structure transformation and upgrading on household economic expenditure
behaviour, and particularly illustrates the important role played by
personality characteristics in the influencing mechanism, and to a certain
extent provides a direction for the integration and development of the current
research on industrial economics and personality economics.