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International Journal of Frontiers in Sociology, 2021, 3(8); doi: 10.25236/IJFS.2021.030814.

Research on the Influencing Factors of China’s Industrial Sector Gross Product Based on Multiple Linear Regression

Author(s)

Yinglv Cao1, Bihui Huang2

Corresponding Author:
Yinglv Cao
Affiliation(s)

1School of Mathematics, University of Jinan, Jinan, Shandong 250022, China

2Business School, University of Aberdeen, King’s College, Aberdeen, AB24 3FX, Britain

Abstract

The development of industry is of vital importance to a country. The gross product of a country’s industrial sector can be used to measure the level of industrial development of the country. And the gross output value of a country's industrial sector is affected by many factors. This paper collects data on total industrial energy consumption, total industrial water consumption, fixed-asset investment in the manufacturing industry, and employment in the secondary industry from the National Bureau of Statistics of China. It uses method of econometrics to establish a multiple linear regression model, which has realistic meaning in economics and is statistically significant, and analyzes which factors have significance on industrial growth.

Keywords

Gross Product of Industrial Sector, Influencing Factors, Multiple Linear Regression, Econometrics

Cite This Paper

Yinglv Cao, Bihui Huang. Research on the Influencing Factors of China’s Industrial Sector Gross Product Based on Multiple Linear Regression. International Journal of Frontiers in Sociology (2021), Vol. 3, Issue 8: 91-94. https://doi.org/10.25236/IJFS.2021.030814.

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