The Impact of China’s Final Demand on GDP Formation and Growth in the Context of Big Data: An Empirical Study based on Input-output Models

Ping Miao

2022

Abstract

In recent years, with the continuous improvement of China’s comprehensive national strength, China’s total GDP is also growing continuously. It can be found that the final demand has made outstanding contributions to the formation and growth of GDP. In addition, the arrival of the era of big data has become a new phenomenon of world economic development, which also marks that the world has entered a new stage of economic development, and big data has brought the revolution of intelligence and informatization, but the big data is inseparable from the development of engineering technology. To better serve the society with big data, we must vigorously develop the information technology. The phenomenon of industrial integration has been formed in the context of big data. The intelligence and informatization brought by industrial integration and information technology are essential elements for China to realize economic growth transformation in the era of big data. Only by making full use of the advantages of the era of big data can we give correct guidance to economic growth. Therefore, this paper uses big data technology to obtain corresponding data form the input-output tables in 2012, 2015 and 2017, and through the establishment of mathematical models and the use of information technical software to calculate the contribution of consumption, investment and export to GDP formation and growth. Through big data calculation, we find that the final demand has made a great contribution to the formation and growth of GDP. In terms of promoting GDP growth, investment and consumption play a greater role. Although the role of export is small, its role is increasing. In terms of GDP formation, we found that the contribution rate of consumption and investment to GDP formation continued to rise, while the contribution rate of export to GDP formation decreased.

Paper Citation

in Harvard Style

Miao P. (2022). The Impact of China’s Final Demand on GDP Formation and Growth in the Context of Big Data: An Empirical Study based on Input-output Models. In Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM, ISBN 978-989-758-593-7, pages 185-189. DOI: 10.5220/0011170100003440

in Bibtex Style

@conference{bdedm22,
author={Ping Miao},
title={The Impact of China’s Final Demand on GDP Formation and Growth in the Context of Big Data: An Empirical Study based on Input-output Models},
booktitle={Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,},
year={2022},
pages={185-189},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0011170100003440},
isbn={978-989-758-593-7},
}

in EndNote Style

TY - CONF

JO - Proceedings of the International Conference on Big Data Economy and Digital Management - Volume 1: BDEDM,
TI - The Impact of China’s Final Demand on GDP Formation and Growth in the Context of Big Data: An Empirical Study based on Input-output Models
SN - 978-989-758-593-7
AU - Miao P.
PY - 2022
SP - 185
EP - 189
DO - 10.5220/0011170100003440