Research Article
A Study of Regional Economic Convergence base on Multiple Linear Regression A Case Study of Zhejiang Province in China
@INPROCEEDINGS{10.4108/eai.18-11-2022.2326904, author={Yin Ping}, title={A Study of Regional Economic Convergence base on Multiple Linear Regression A Case Study of Zhejiang Province in China}, proceedings={Proceedings of the 4th International Conference on Economic Management and Model Engineering, ICEMME 2022, November 18-20, 2022, Nanjing, China}, publisher={EAI}, proceedings_a={ICEMME}, year={2023}, month={2}, keywords={total fiscal expenditure; public budget expenditure; education expenditure; convergence}, doi={10.4108/eai.18-11-2022.2326904} }- Yin Ping
Year: 2023
A Study of Regional Economic Convergence base on Multiple Linear Regression A Case Study of Zhejiang Province in China
ICEMME
EAI
DOI: 10.4108/eai.18-11-2022.2326904
Abstract
During the 14th Five-Year Plan period (2021-2025), Zhejiang Province aims for significant progress in building itself into a pilot zone for shared prosperity by 2025 through high-quality development. This paper selects relevant data from the Zhejiang Statistical Yearbook from 2007 to 2019 to construct panel data. Since the data of some individual years are not available, this paper ignored these data and only selected data suitable for empirical analysis, and the observation sample is 797. Through mixed regression, fixed-effect regression and random-effect regression, this paper empirically analyzes the relationship between fiscal expenditure and regional economic convergence, hoping to provide feasible policy suggestions for Zhejiang Province to promote the construction of the pilot zone for common prosperity in the later period. The mixed regression and fixed-effect regression results in the time-lapse analysis show that the total fiscal expenditure after 2016 has a more significant impact on regional economic convergence. Meanwhile, mixed regression and fixed-effect regression results in the item-lapse analysis show that the effect of education expenditure on regional economic convergence is more significant than other fiscal expenditures.