IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-098-5_112.html

The Correlations of America’s Private Consumption and Private Investment to Real GDP Comparison

In: Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

Author

Listed:
  • Hanson Hanxi Jin

    (High School Affiliated to Renmin University of China)

Abstract

In the macro-side of readjusting and controlling economic activities, it is crucial for government to determine the relationship between private consumption and private investment with GDP (Gross Domestic Product) each. The greater understandings on how these two sectors fluctuate with GDP may allow the government to maximize its effectivity in macro-economic policy decision making. Collected from Bureau of Economic Analysis, data of America’s consumption, investment, and GDP from 1981-2020 are analyzed through detrending to understand the correlations between. Based on the two figures, I find that the correlation between investment and GDP is less coherent and fluctuated than the correlation between consumption and GDP.

Suggested Citation

  • Hanson Hanxi Jin, 2023. "The Correlations of America’s Private Consumption and Private Investment to Real GDP Comparison," Advances in Economics, Business and Management Research, in: Hrushikesh Mallick & Gaikar Vilas B. & Ong Tze San (ed.), Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022), pages 983-989, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_112
    DOI: 10.2991/978-94-6463-098-5_112
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-098-5_112. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.