2021E3S Web of ConferencesOpen access

Empirical Analysis on the Relationship Between Tertiary Industry Structure and Economic Growth Based on Multiple Regression — A Case Study of Henan Province

Yuan Lü

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Abstract

The role of the tertiary industry in economic development is more and more obvious. This paper, taking Henan Province as an example, explores the relationship between the internal structure of the tertiary industry and economic growth by building a multiple regression model. The study found that total retail sales of consumer goods and freight transportation volume have significant impact on economic growth. Henan Province should create a good consumption environment, continue to play the role of consumption driving economic growth. At the same time, the authority should give full play to geographical advantages, pay attention to the construction of transportation infrastructure, and provide transportation security for economic development.

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What this paper is about

The role of the tertiary industry in economic development is more and more obvious. This paper, taking Henan Province as an example, explores the relationship between the internal structure of the tertiary industry and economic growth by building a multiple regression model. The study found that total retail sales of consumer goods and freight transportation volume have significant impact on economic growth. Henan Province should create a good consumption environment, continue to play the role of consumption driving economic growth. At the same time, the authority should give full play to geographical advantages, pay attention to the construction of transportation infrastructure, and provide transportation security for economic development.

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Available abstract

The role of the tertiary industry in economic development is more and more obvious. This paper, taking Henan Province as an example, explores the relationship between the internal structure of the tertiary industry and economic growth by building a multiple regression model. The study found that total retail sales of consumer goods and freight transportation volume have significant impact on economic growth. Henan Province should create a good consumption environment, continue to play the role of consumption driving economic growth. At the same time, the authority should give full play to geographical advantages, pay attention to the construction of transportation infrastructure, and provide transportation security for economic development.

Key concepts: Consumption (sociology), Tertiary sector of the economy, Regression analysis, Business, Empirical research, Economic growth, Economics, Marketing

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