IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-642-38427-1_6.html
   My bibliography  Save this book chapter

An Empirical Analysis on the Influence of Household Consumption on Economic Growth in Hubei Province

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Xi-xiang Sun

    (Wuhan University of Technology)

  • Ling-li Deng

    (Wuhan University of Technology)

Abstract

Household consumption is closely related to economic growth. Based on a modified Cobb-Douglas production function, adopting the data of household consumption and economic growth in Hubei Province from 1980 to 2010, this paper establishes the evaluation model and takes ADF unit root test approach, Johansen co-integration test approach and Granger causality test approach to make an empirical analysis on the impacts of household consumption on economic growth in Hubei Province. The results show that there is a stable relationship between household consumption and economic growth in the long run. The relationship between them presents positive correlation. Economic growth in Hubei Province is the Granger cause of household consumption. However, the role of household consumption on economic growth is not obvious. Therefore, Hubei government must fully exploit the potential of household consumption in order to promote sound and rapid economic development.

Suggested Citation

  • Xi-xiang Sun & Ling-li Deng, 2013. "An Empirical Analysis on the Influence of Household Consumption on Economic Growth in Hubei Province," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 41-51, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38427-1_6
    DOI: 10.1007/978-3-642-38427-1_6
    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 search for a similarly titled item that would be available.

    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:sprchp:978-3-642-38427-1_6. 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.