Relationship between Sports Consumption and Economic Growth based on A State-space Model
COMPUTER MODELLING & NEW TECHNOLOGIES 2014 18(12C) 927-931
Department of Physical Education, Changzhou Textile Garment Institute, Changzhou 213164, China
Research has focused on the application of state-space models to economics. -Such models are also known as dynamic system theory, which assumes that the studied system is decided by an unobservable vector sequence over time. Sports consumption is an important aspect of sports economics and of consumption in modern living. As the economy develops, the social consumption mode and economic structure change significantly, and sports consumption displays good market demand. By establishing the state-space model in relation to sports consumption and economic growth, this thesis verifies and estimates the model parameters and concludes that sports consumption increases by 0.431%—0.439% when Gross Domestic Product (GDP) increases by 1%.