Analysis Of Influencing Factors Of Common Wealth Based On Social Development And Economic Development

To achieve common prosperity,that is,to achieve the common improvement of the economy in all regions of the country and the living conditions of the people as a whole,has been the common goal pursued by the Party and the people all along,and is also the ultimate goal of regional economic research.In the past studies,the study of common prosperity has remained in the qualitative perspective,that is,from the perspective of society and people to elaborate its great significance,but what stage are we in now? When can we achieve common prosperity? How can we achieve common prosperity? What indicators are affecting the process of common prosperity? All these problems require a quantitative study of common prosperity.Firstly,this paper calculates the degree of commonality and affluence from the quantitative point of view,and carries out empirical analysis from three dimensions of China,seven administrative regions and 31 provinces and cities.Secondly,six indicators are selected from two aspects of social development(education investment,medical investment,science and technology investment)and economic development(per capita GDP,foreign investment,unemployment rate),according to different types of spatial weights.Matrix creates spatial panel model(i.e.spatial error model SEM and spatial lag model SAR).Considering the results of Moran index,spatial panel model and AIC criterion,the final models of richness and commonality selection are spatial lag model with random effect and spatial lag model with fixed effect.Analyzing the model results,we find that the product of richness is generated.The most influential factors are per capita GDP,medical input(number of health workers)and foreign investment.Each positive increase of 1% will lead to the increase of the provincial and municipal affluence by 0.0991%,0.034% and 0.0403%,respectively.Negative factors are investment in education funds and unemployment rate,which will lead to 0.068% and 0.0626% decline in the provincial and municipal affluence respectively for every positive increase of 1%.Similarly,by analyzing the model results of commonality,the positive factors affecting the commonality are educational investment and medical investment(the number of health workers).Each positive increase of 1% will lead to the increase of 0.0216% and 0.1487% of the provincial and municipal affluence,respectively.The negative factors are per capita GDP,investment in science and technology funds and unemployment rate.Every positive increase of 1% will lead to a decrease of 0.0496%,0.0056% and 0.1533% of the provincial and municipal affluence respectively.From the above conclusions,we find that in order to improve the degree of prosperity and commonality at the same time,we need to start with social development,increase investment in education,health care and science and technology,at the same time,we need to strictly control the unemployment rate in the region.