An Empirical Analysis on the Influencing Factors of China's Economic Growth
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Xue Jiang, Jun Yang
Since the implementation of reform and opening up, China has always adhered to the economic construction as the center, which has significantly promoted the development of China's socialist economy, and the speed of economic growth has attracted worldwide attention. In order to analyze the factors that affect China's economic growth, this paper takes GDP as the explanatory variable, the number of people employed, the total fixed assets and the consumer price index as explanatory variables, collects the statistical data from 1980 to 2014, and establishes the economic model of influencing factors of China's economic growth by using multiple linear regression analysis method It also makes an empirical analysis on the factors of China's economic growth. Through the test and analysis of the model, the influence degree of various main factors on China's economic growth is obtained, and on this basis, some countermeasures and suggestions for promoting economic development are put forward.
Economic growth, Labor force, Investment, Consumption