Analysis of GDP of the United States (1981-2021)

Jincheng Kuang ()
Additional contact information
Jincheng Kuang: Beijing Technology and Business University, Department of Business

A chapter in Proceedings of the 2023 5th International Conference on Economic Management and Cultural Industry (ICEMCI 2023), 2024, pp 869-876 from Springer

Abstract: Abstract From relevant articles, the United States restored its economy from recessions since 1981, revealed by its real GDP. In the whole process, the questions appear as how United States made it-What caused the changes and what are the evidence for the policies of restoration. To figure out the reason behind, the GDP data is chosen as the main objective to study, where the elements of real GDP are individually analysed. Hence, the general mode of this work is to analyse the extracted cyclicals of each element from the data, which are divided by removing GDP’s trend, called Detrending. To implement it, standard deviation and correlation equations are used in the cyclical data of the annual GDP of the United States from 1981 to 2021. To further push forward the study, cyclical of each element is compared, which finally indicates that the long-term solution on economic restoration is to stimulate Consumption, which constantly and sustainably increases the GDP, and that short-term solution on economic restoration is to stimulate Investment, which pulls GDP up within a short period.

Keywords: Detrending; Cyclical; Recession; Recovery (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

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:spr:advbcp:978-94-6463-368-9_101

Ordering information: This item can be ordered from
http://www.springer.com/9789464633689

DOI: 10.2991/978-94-6463-368-9_101

Access Statistics for this chapter

More chapters in Advances in Economics, Business and Management Research from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().