Econometric Analysis of the Influencing Factors of the Transportation Industry on GDP-Based on the Data of China Statistical Yearbook 2018
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Min Huang, Xiaodan Zhang, Ruiting Zhang
As a carrier of the national economy, transportation communicates production and consumption, and plays an extremely important role in economic development. Looking at the interrelationships between transportation and economic development over the centuries, the higher the level of production, the more advanced the infrastructure is required to develop. Entering a modern society, the economic and social requirements for transportation are inherently advanced. Transportation is the forerunner of the national economy, and economic development and transportation first are the inherent laws of economic development. This paper uses statistical data from 2000 to 2016, and uses econometrics to study the value-added of transportation, warehousing, and postal industries, the number of employees on railways and highways, the mileage of railways and highways, passenger traffic, and cargo transportation. The impact of China's gross domestic product (GDP) is analyzed from four perspectives: determining variables and mathematical relationships, analyzing specific quantitative relationships between variables, testing the reliability of conclusions obtained, making economic analysis and economic forecasts.
GDP, Transportation Industry, Multiple Linear Regression, Multiple Collinearity