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| MULTISCALE CHANGES AND A TREND ANALYSIS OF THE FLUCTUATION OF HOUSEHOLD CONSUMPTION GROWTH IN CHINA |
| GUO Yue-ting1, XU Jian-gang2 |
1. School of Geographic and Oceanographic Sciences, Nanjing University, Nanjing 210093, China;
2. School of Architecture and Urban Planning, Nanjing University, Nanjing 210093, China |
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Abstract This paper aims to reveal the growth of multi-scale fluctuations of household consumption growth during the process of economic development in China. Empirical Mode Decomposition (EMD) was developed in 1998 by Huang which facilitates the decomposition of climate records in terms of natural oscillatory patterns and trends. And this method was improved in 1999. The method can decompose any complicated data into a finite and small number of intrinsic mode functions (IMFs). EMD method decomposing a raw data series into different IMFs is a sifting process. In this paper, the EMD method is used to break down the data series of household consumption growth from 1953 to 2009 in China into finite IMFs and trend at multiscale level. Each mode is represented as a function of both instantaneous frequency and amplitude. Thus it describes the scale and fluctuation characteristics at any time. The sum of all modes gives the full description of the frequency and time characteristics of the signal. The household consumption in China completely breaks down into three modes (IMFs) and a trend (Res) by EMD method. The first IMF is the component that has the smallest period and the periods turn bigger with the IMFs going on to IMF2. By calculating variance contribution and correlations test, the significant periodic fluctuation is researched. Based on the Mann-Kendall trend test, the trend of household consumption growth is studied. The analysis results show that the three IMFs of household consumption growth in China are 3-year period, 8-year period and 12.4-year period. The main periodic fluctuation of household consumption growth in China is 8-year period. The secondary periodic fluctuation is 3-year period and the third one is 12.4-year period.The purpose of the paper is to reveal the growth of multi-scale fluctuations of household consumption growth during the process of economic development in China.
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Received: 21 February 2011
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2011, Vol. 26 
