Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)

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The Differentiated Driving Forces of Consumption and Export to Economic Growth in China

Authors
Zhixian Zhu1, *
1Hailing Foreign Language School, Shaoxing, 312000, China
*Corresponding author. Email: 1809030223@stu.hrbust.edu.cn
Corresponding Author
Zhixian Zhu
Available Online 19 December 2024.
DOI
10.2991/978-94-6463-598-0_27How to use a DOI?
Keywords
Economic Growth; Export; Consumption
Abstract

After the reform and opening up, Chinese economy has made huge achievement. However, in the past decade, due to the deterioration of external macroeconomic conditions, the economic growth of emerging economies in the world has slowed down significantly, and China is no exception. Based on this, the author takes the growth of export growth, GDP and consumption in China as the research objects, and collects data on the nominal GDP, consumption, investment, government expenditure and export growth rates from 2011 to 2024(the first quarter). Based on the GDP expenditure method and by establishing an OLS model, the results indicate that the growth rate of gross domestic products is significantly associated with the growth rate of consumption and export. Over the past thirteen years, each unit increase in consumption growth has led to a 0.2953934 unit rise in GDP growth, compared to a 0,1880651 unit increase for export growth. This demonstrates that GDP growth depends more on consumption than exports in China, supporting the strategic focus on domestic economic cycles and both domestic and international dual cycles.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
19 December 2024
ISBN
978-94-6463-598-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-598-0_27How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhixian Zhu
PY  - 2024
DA  - 2024/12/19
TI  - The Differentiated Driving Forces of Consumption and Export to Economic Growth in China
BT  - Proceedings of the 2024 3rd International Conference on Public Service, Economic Management and Sustainable Development (PESD 2024)
PB  - Atlantis Press
SP  - 268
EP  - 277
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-598-0_27
DO  - 10.2991/978-94-6463-598-0_27
ID  - Zhu2024
ER  -