Notice of RetractionTesting the consumption function of Chinese rural household

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Keynesian consumption function, Duesenberry´s consumption function, Modigliani´s life-cycle consumption function, Friedman´s permanent income hypothesis and the “ramble walk consumption function” are fitted on Chinese rural household data from 1978–2009. The results show that only the “ramble walk consumption function” past the test and the permanent income hypothesis reluctantly past the test. So it is obvious that the consumption behavior of the Chinese household is very special, and is more complex than current consumption theories can completely explain.