Impact of Production, Consumption Capabilities and Human Capital Capacity on the National Wealth of China

Jing-Xuan Chan () and Liao Zhang ()

Journal of Contemporary Research in Business, Economics and Finance, 2022, vol. 4, issue 1, 16-26

Abstract: The recent improvement of China’s national income has been a global phenomenon due to the uncertain financial and economic conditions. Hence, the current research investigates the impact of production and consumption capabilities and human capital capacity on the national wealth of China. This study uses secondary data from secondary sources, including the World Bank Indicators (WDI), from 1991 to 2020 to examine the stationarity of the constructs using the augmented Dickey–Fuller (ADF) test. It also investigates the association among the variables using the autoregressive distributed lag (ARDL) model. The results revealed that production and consumption capabilities and human capital capacity are significantly and positively linked with the national wealth of China. This study provides guidelines for regulators as they establish policies regarding national income improvement using production, consumption, and human capital factors.

Keywords: Production capabilities; Consumption capabilities; Human capital capacity; National wealth; Net national income. (search for similar items in EconPapers)
Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://learning-gate.com/index.php/2641-0265/article/view/168/87 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ajp:jcrbef:v:4:y:2022:i:1:p:16-26:id:168

Access Statistics for this article

More articles in Journal of Contemporary Research in Business, Economics and Finance from Learning Gate
Bibliographic data for series maintained by Michael Laurence ().