Author(s)

Lejing Huang ¹

Affiliation(s)

¹ College of Finance, Hunan University of Finance and Economics, Changsha, Hunan, 410205, China

Corresponding Author

Lejing Huang

ABSTRACT

This article adopts the least squares method and uses the relevant statistical data published in the Statistical Yearbook of the National Bureau of statistics of China from 2005 to 2020. Based on relevant literature research, econometric methods are used to construct a model of private car ownership in China. Using the EVIEWS econometric software, a multiple regression model of private car ownership with Gross Domestic Product, Consumer Price Index, urban population, and road mileage is constructed. Relevant tests and model revisions are carried out, which can be used to predict future private car ownership. The amount of private cars owned can indirectly reflect the extent of economic advancement in China. The rise in private car ownership in China is also propelling economic growth.

KEYWORDS

Private car ownership; economic development; data model

CITE THIS PAPER

Lejing Huang, Quantitative analysis of private car ownership. Financial Engineering and Risk Management (2024) Vol. 7: 90-96. DOI: http://dx.doi.org/10.23977/ferm.2024.070512.

REFERENCES

[1] Liuqin Wan Analysis of influencing factors on the ownership of private cars in China[J]. Knowledge economic, 2018(12): 70-71.
[2] Yuhan Wang, Guoqiag Gen, Jiaming Zhu Econometric analysis of private car ownership in China [J]. Journal of Science in Normal Universities 2019, 39(07):40-43.
[3] Yihang Sun. Prediction of Private Car Ownership in China.[J]. Quality and Market, 2022(19):181-183.
[4] Yueyue You, Qingmei Zhang. Research on the Development Status and Influencing Factors of Private Car Ownership in Luoyang City.[J]. Inner Mongolia Science and Technology and Economy, 2021(15):56-57.

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