Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth

The purpose of this article is to screen out the most important factors affecting China’s economic growth. Based on a literature review and relevant financial theoretical knowledge, China’s economic growth factors are selected from international and domestic aspects. Four methods, including least sq...

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Autores principales:	Mingxing Li, Hongzheng Sun, Fredrick Oteng Agyeman, Mohammad Heydari, Arif Jameel, Hira Salah ud din Khan
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	sustainable economic growth least squares estimation stepwise regression ridge regression estimation Lasso regression China Technology T Engineering (General). Civil engineering (General) TA1-2040 Biology (General) QH301-705.5 Physics QC1-999 Chemistry QD1-999
Acceso en línea:	https://doaj.org/article/a1d8cb07642741e99face8f108b53de6
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id	oai:doaj.org-article:a1d8cb07642741e99face8f108b53de6
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spelling	oai:doaj.org-article:a1d8cb07642741e99face8f108b53de62021-11-25T16:38:54ZAnalysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth10.3390/app1122108322076-3417https://doaj.org/article/a1d8cb07642741e99face8f108b53de62021-11-01T00:00:00Zhttps://www.mdpi.com/2076-3417/11/22/10832https://doaj.org/toc/2076-3417The purpose of this article is to screen out the most important factors affecting China’s economic growth. Based on a literature review and relevant financial theoretical knowledge, China’s economic growth factors are selected from international and domestic aspects. Four methods, including least squares estimation, stepwise regression, ridge regression estimation, and Lasso regression, are used to screen and optimize 12 variables and analyze the degrees of influence empirically. The study finds that consumption levels and the development of the tertiary industry play significant roles in promoting China’s economic growth. Additionally, financial development and industrialization promote China’s economic growth, although in a gradual manner.Mingxing LiHongzheng SunFredrick Oteng AgyemanMohammad HeydariArif JameelHira Salah ud din KhanMDPI AGarticlesustainable economic growthleast squares estimationstepwise regressionridge regression estimationLasso regressionChinaTechnologyTEngineering (General). Civil engineering (General)TA1-2040Biology (General)QH301-705.5PhysicsQC1-999ChemistryQD1-999ENApplied Sciences, Vol 11, Iss 10832, p 10832 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	sustainable economic growth least squares estimation stepwise regression ridge regression estimation Lasso regression China Technology T Engineering (General). Civil engineering (General) TA1-2040 Biology (General) QH301-705.5 Physics QC1-999 Chemistry QD1-999
spellingShingle	sustainable economic growth least squares estimation stepwise regression ridge regression estimation Lasso regression China Technology T Engineering (General). Civil engineering (General) TA1-2040 Biology (General) QH301-705.5 Physics QC1-999 Chemistry QD1-999 Mingxing Li Hongzheng Sun Fredrick Oteng Agyeman Mohammad Heydari Arif Jameel Hira Salah ud din Khan Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
description	The purpose of this article is to screen out the most important factors affecting China’s economic growth. Based on a literature review and relevant financial theoretical knowledge, China’s economic growth factors are selected from international and domestic aspects. Four methods, including least squares estimation, stepwise regression, ridge regression estimation, and Lasso regression, are used to screen and optimize 12 variables and analyze the degrees of influence empirically. The study finds that consumption levels and the development of the tertiary industry play significant roles in promoting China’s economic growth. Additionally, financial development and industrialization promote China’s economic growth, although in a gradual manner.
format	article
author	Mingxing Li Hongzheng Sun Fredrick Oteng Agyeman Mohammad Heydari Arif Jameel Hira Salah ud din Khan
author_facet	Mingxing Li Hongzheng Sun Fredrick Oteng Agyeman Mohammad Heydari Arif Jameel Hira Salah ud din Khan
author_sort	Mingxing Li
title	Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
title_short	Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
title_full	Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
title_fullStr	Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
title_full_unstemmed	Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth
title_sort	analysis of potential factors influencing china’s regional sustainable economic growth
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/a1d8cb07642741e99face8f108b53de6
work_keys_str_mv	AT mingxingli analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth AT hongzhengsun analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth AT fredrickotengagyeman analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth AT mohammadheydari analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth AT arifjameel analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth AT hirasalahuddinkhan analysisofpotentialfactorsinfluencingchinasregionalsustainableeconomicgrowth
_version_	1718413092574986240

Analysis of Potential Factors Influencing China’s Regional Sustainable Economic Growth

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