Author(s)

Rui Chen, Youming Wang and Ziyu Wang

Corresponding Author

Rui Chen

ABSTRACT

In 2019, in the context of the decline of the overall world economic growth, 42 countries as a sample were classified by advanced economies, developing economies and emerging economies. We observe the different performance of GDP per capita of these three types of economies in the environment of overall world economic growth declining, and the possible factor shares for this phenomenon. Based on the comprehensive research and reference of relevant literature, this paper observes the contribution share of various components of GDP in advanced economies, developing economies and emerging economies in 2019, and tests the correlation between the four components of GDP (Final consumption expenditure, Investment proportion, Imports, Exports) and GDP per capita by multiple linear regression. We also compare different types of economies. We conclude from the regression results between the four components of GDP and GDP per capita in 42 countries: generally speaking, the growth of investment and imports has a negative impact on GDP per capita, while consumption and exports have a positive one on GDP per capita.

KEYWORDS

GDP per capita, factor share, emerging economies, advanced economies