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Empirical Analysis in the Relationship Between the Consumption and Economic Growth Based on the Structural Equation Model
Erxin ZHANG, Wancai YANG
Journal of Systems Science and Information ›› 2016, Vol. 4 ›› Issue (5) : 419-427.
PDF(164 KB)
PDF(164 KB)
Empirical Analysis in the Relationship Between the Consumption and Economic Growth Based on the Structural Equation Model
This paper constructs the relationship between consumption and economic growth by a structure equation model and uses the provincial panel data of 29 provinces (municipalities, autonomous regions) from 1992 to 2010 in China, using maximum likelihood estimation method to analyze empirically the relationship between the consumption and economic growth in China. The result shows that the path coefficients between consumptions and economic growth are all positive, that suggests the consumption has significant positive effects on the economic growth. Also in this paper, it gives a new try to use a structural equation model to research the relationship between consumption and economic growth.
structure equation model / consumption / economic growth {{custom_keyword}} /
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