Research on the Interactive Relationship of Resident Income, Consumption and Economic Growth based on Grey Relational Analysis

摘要

Considering the relational mechanism between resident income, consumption and economic growth based on Keynesian theory, this paper adopts the synthetic grey relational analysis method to quantitatively analyze the interactive relationship between China's resident income, consumption and economic growth. Empirical study results show that there are positive cause-effect relations between resident income and consumption, resident income and economic growth, consumption and economic growth.