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UK GDP Research

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

Author

Listed:
  • Yiji Pei

    (York University, Facultyof Liberal Arts Professional Studies)

  • Yiming Zheng

    (HDSH bilingual school, High School)

  • Tianyu Huang

    (Ulink College of Suzhou Industrial Park, High SchooL)

  • Ruizhe Li

    (SDEH Shandong Experimental High School, High SchooL)

  • Fenghui Zhu

    (Zhenhai High School of Ningbo)

Abstract

The paper analyzes the UK GDP trend and the relationship between the GDP growth and the investment or the consumption. In order to process and analyze the data, we compared the UK fiscal data from 1995 to 2021, which is from IMF. The HP filter is used when we need to find the overall trend of the data. We also study the standard deviation between the various indicators, and try to find the relationship by using the correlation. We found that there is positive relationship between the GDP and the consumption or the investment. From the result, we outline that when the UK government wants to promote the recovery of the economy in the short run, investment is a kind of proper way. However, in the long run, the best choice is to encourage the consumption.

Suggested Citation

  • Yiji Pei & Yiming Zheng & Tianyu Huang & Ruizhe Li & Fenghui Zhu, 2023. "UK GDP Research," 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 377-382, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-098-5_43
    DOI: 10.2991/978-94-6463-098-5_43
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