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

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Medium and Long-Term Forecast of Shandong Economy under the Background of Conversion of New and Old Sources of Growth

Authors
Xiang Wang1, Lili Zhang1, *, Xingpei Ji1, Wanlei Xue2, Yan Li2
1State Grid Energy Research Institute Co, Ltd, Changping, Beijing, China
2Economic and Technology Research Institute, State Grid Shandong Electric Power Company, Jinan, China
*Corresponding author. Email: zhanglili@amss.ac.cn
Corresponding Author
Lili Zhang
Available Online 27 December 2022.
DOI
10.2991/978-94-6463-098-5_138How to use a DOI?
Keywords
Economic forecast; old and new drivers; Shandong
Abstract

Since the 18th National Congress, Shandong’s economy has undergone profound changes. The GDP growth rate has fallen below the China’s national average for the first time in many years. The output value of the tertiary industry exceeds that of the secondary industry, but it is more dependent on the development of manufacturing than the whole of China. The role of consumption as an economic stabilizer is prominent, and the net outflow of population and insufficient labor reserves make the significance of technological innovation even more important. Forecasts by two methods of production function model and labor productivity trend show that accelerating the conversion of new and old kinetic energy is both an important opportunity and a challenge for Shandong’s economic growth.

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_138How 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  - Xiang Wang
AU  - Lili Zhang
AU  - Xingpei Ji
AU  - Wanlei Xue
AU  - Yan Li
PY  - 2022
DA  - 2022/12/27
TI  - Medium and Long-Term Forecast of Shandong Economy under the Background of Conversion of New and Old Sources of Growth
BT  - Proceedings of the 2022 4th International Conference on Economic Management and Cultural Industry (ICEMCI 2022)
PB  - Atlantis Press
SP  - 1226
EP  - 1233
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-098-5_138
DO  - 10.2991/978-94-6463-098-5_138
ID  - Wang2022
ER  -