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The Influencing Factors Analysis and Forecasting of Beijings GDP Based on Eviews
Abstract. GDP has important practical significance for the maintenance of national and local economic and political interests. In this paper, it uses Eviews software to verify the Beijing 1991-2010 GDP index and the first, second and third industries index of the initial model tertiary four tests, and makes the 2011 Beijing GDP index prediction.
Key words: Eviews software, Beijings GDP, Analysis, Forecast
Introduction
American economist Samuelson (Economics Nobel Prize winner) and Nordhaus in his book Economics textbook mentioned that: GDP is the 20th centurys greatest inventions. GDP accounted for judging the macroeconomic situation, the development of sound macroeconomic policies and macro-economic management, which has important theoretical and practical significance.
Similarly, GDP reflects a region within all residential units, production of the final product in a given period and the value of the sum of the provision of services. It is the best indicator of regional economic conditions. Thus, using a more accurate statistical method GDP index system research, analysis, forecasting can be better able to guide the macroeconomic management departments to understand economic situation, the development of economic development strategies, annual plans, long-term planning and a variety of macroeconomic properly. It helps policy makers to guide economic development toward the main economic objectives, for the maintenance of national and local economic and political interests, has important practical significance.
Beijing’s GDP Factors Affecting Analysis Based on Eviews
By researching Beijing Statistical Yearbook, the above analysis and data integrity select the following related variables: the Beijing 1991-2010 GDP index, the first index of industrial GDP, secondary industry GDP index, tertiary industry GDP index of 20 years, 60 data (see Table 1).
The Establis
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