In recent years, with the roll of exports and investment in boosting the economy having weakened, the contribution of consumption to economic growth has aroused widespread concern. This paper analyzes the relationship between consumption upgrading and economic growth by using data from 30 provinces in China from 2000 to 2017 in light of the current era. The results show that consumption upgrading can significantly promote economic growth, and there are urban-rural differences. The path of consumption upgrading to economic growth is mainly the change of industrial structure and investment structure. Although there are some differences in regression results when different indexes are used to measure, it does not affect the overall analysis conclusion.Therefore, a series of policy recommendations are proposed for future, including raising the income level of residents,narrowing the income gap,improving the social security system,and improving the investment structure, realizing the optimization and upgrading of the industrial structure, realizing consumption upgrading to better promote economic growth.
Sun Yangyang
,
Wang Dongmei
. The Impact of Consumption Upgrading on China's Economic Growth: An Empirical Study Based on Provincial Panel Data in China[J]. Finance & Economics of Xinjiang, 2019
, 0(3)
: 15
-27
.
DOI: 10.16716/j.cnki.65-1030/f.2019.03.002
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