U.S. GDP Detrended Analysis

DOI

10.2991/978-94-6463-124-1_45How to use a DOI?

Keywords

Gross Domestic Product; Detrended; Cyclical; Standard Deviation; Correlation

Abstract

This paper uses a detrending approach to examine the factors influencing U.S. GDP. We selected U. S GDP data from 1981 to 2021 from the Bureau of Economic Analysis to make the sample reliable. We estimate factors that affect GDP, including consumption, investment, and government spending. We analyzed the trend of the data by adding the linear regression method. Through the detrending treatment of the influencing factors, we found that taking a short-term perspective; Investment is more volatile than consumption, so the government should stimulate investment. From a long-term perspective, it would be more prudent for the government to encourage consumption because consumption is less volatile than investment. There will be steady growth in the GDP. GDP influences government spending over two years.

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.

Download article (PDF)

TY  - CONF
AU  - Pan Hu
AU  - Peiyao Ji
AU  - Huishan Xu
AU  - Xingyu Shi
AU  - Yi Wu
PY  - 2023
DA  - 2023/03/29
TI  - U.S. GDP Detrended Analysis
BT  - Proceedings of the 2022 3rd International Conference on Big Data Economy and Information Management (BDEIM 2022)
PB  - Atlantis Press
SP  - 376
EP  - 384
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-124-1_45
DO  - 10.2991/978-94-6463-124-1_45
ID  - Hu2023
ER  -