Econometric analysis and research of GDP influencing factors in China

Abstract

China is in the stage of economic transformation and development, and it should also maintain steady GDP growth. This study combines the econometric research theory of the factors affecting GDP. Proposed an analytical model for the factors influencing GDP And empirical testing using sample data from 2013-2022, Using econometric economy to analyze the factors affecting GDP, And estimated the OLS parameters of this model with the help of EVIEWS software. The model equation shows that the change in GDP will be significantly affected by three factors: the year-end savings balance of residents, total fiscal expenditure, and total fixed asset investment. Using these influencing factors to take corresponding countermeasures to promote the sustained growth of GDP.