Co-integration Analysis of the Relationship between Residents' Consumer Spending and GDP in Hubei Province
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In accordance with the economic data from Statistical Communique on National Economy and Social Development in Hubei Province in the period 1980 2009, we use co-integration analysis method to research the impact of GDP growth on residents' consumer spending. Result shows that although there are differences between GDP and residents' consumer spending in the short term, the equilibrium relationship exists between them, namely, the co-integration relationship, showing consistency in trends.