Research on the Relations about Economic Growth,Population and the Consumption Level of Residents

WANG Yu-qi, WANG Liang-hong

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PDF(363 KB)
Journal of Northeast Electric Power University ›› 2013, Vol. 33 ›› Issue (5) : 73-76.

Research on the Relations about Economic Growth,Population and the Consumption Level of Residents

  • WANG Yu-qi, WANG Liang-hong
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Abstract

Simultaneous equation model is used in economic system model which often contains several interconnected and multivariate models. In this paper we selected the main factors that affected economic growth, and established a simultaneous equations model about population,the level of consumption and GDP. Through the actual economic data of Beijing from 2005 to 2011,we obtained the solution of the model and the results systematically described the interaction and influence between the factors of population,the level of consumption and economic growth in this region.

Key words

Simultaneous equation model / Least square method / Parameter estimation

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WANG Yu-qi, WANG Liang-hong. Research on the Relations about Economic Growth,Population and the Consumption Level of Residents. Journal of Northeast Electric Power University. 2013, 33(5): 73-76
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