Author(s)

Peihao Song ¹, Jingxiang Ruan ¹, Jiahui Xu ², Aowei Jiang ³

Affiliation(s)

¹ School of Mathematics and Physics, Xi'an Jiaotong-Liverpool University, Suzhou, Jiangsu, 215123, China
² School of Information Science and Engineering, East China University of Science and Technology, Shanghai, 200237, China
³ School of Management, Shanghai University, Shanghai, 200444, China

Corresponding Author

Peihao Song

ABSTRACT

The catering industry in China has witnessed remarkable revenue growth over the years, underscoring its significance within the domestic economy. However, understanding the factors that drive the industry's performance is crucial for its sustained growth and competitiveness. The Stata software is employed for conducting multivariate regression analysis to examine and refine the parameters. Furthermore, recommendations are put forth to enhance the turnover of the catering industry.

KEYWORDS

Revenue of catering industry; multiple linear regression; econometric models

CITE THIS PAPER

Peihao Song, Jingxiang Ruan, Jiahui Xu, Aowei Jiang, An analysis of the determinants of China’s domestic catering industry revenue—Based on the data of 31 provinces in China from 2006 to 2020. Financial Engineering and Risk Management (2023) Vol. 6: 32-38. DOI: http://dx.doi.org/10.23977/ferm.2023.060705.

REFERENCES

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[2] Gong S. What does the recovery of the catering industry mean for the 'three ruralareas'. 2022.
[3] Liu M. Research on China's Catering Industry Development Level and its Influential Factors. 2011.
[4] He C. An econometric analysis of turnover in China's restaurant industry. Industrial Innovation. 2022, 22(14), pp. 117-119.
[5] Fitch Solutions Group Limited. China Logistics & Freight Transport Report-Q4 2022. 2022. (Accessed: 4 October 2022).
[6] Sun M. Econometric Analysis on the Relationship between the Primary Industry and the Tertiary Industry in Shandong Province. Journal of Heze University, 2007, 29(2), pp. 19-23. doi: 10. 16393/ j. cnki. 37-1436/z. 2007. 02. 038.
[7] Liu B. The Effect of Informal Economy on Employment in China—An Input-Output Analysis. Statistical Research. 2021, 38(2), pp. 88-98.

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