Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)

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UK GDP Research

Authors
Yiji Pei1, *, Yiming Zheng2, Tianyu Huang3, Ruizhe Li4, Fenghui Zhu5
1Facultyof Liberal Arts Professional Studies, York University, Toronto, M3J 1P3, Canada
2High School, HDSH bilingual school, Shanghai, 201613, China
3High SchooL, Ulink College of Suzhou Industrial Park, Suzhou, 215000, China
4High SchooL, SDEH Shandong Experimental High School, Jinan, 250000, China
5Zhenhai High School of Ningbo, Ningbo, 315000, China
*Corresponding author. Email: 894262717@qq.com
Corresponding Author
Yiji Pei
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_43How to use a DOI?
Keywords
GDP; UK; The correlation
Abstract

The paper analyzes the UK GDP trend and the relationship between the GDP growth and the investment or the consumption. In order to process and analyze the data, we compared the UK fiscal data from 1995 to 2021, which is from IMF. The HP filter is used when we need to find the overall trend of the data. We also study the standard deviation between the various indicators, and try to find the relationship by using the correlation. We found that there is positive relationship between the GDP and the consumption or the investment. From the result, we outline that when the UK government wants to promote the recovery of the economy in the short run, investment is a kind of proper way. However, in the long run, the best choice is to encourage the consumption.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
27 December 2022
ISBN
78-94-6463-098-5
ISSN
2352-5428
DOI
10.2991/978-94-6463-098-5_43How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yiji Pei
AU  - Yiming Zheng
AU  - Tianyu Huang
AU  - Ruizhe Li
AU  - Fenghui Zhu
PY  - 2022
DA  - 2022/12/27
TI  - UK GDP Research
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 377
EP  - 382
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_43
DO  - 10.2991/978-94-6463-098-5_43
ID  - Pei2022
ER  -