Study on the Influence of the Coordinated Development of Resident Income and GDP on Local Economic Development: Take Shandong Province as an Example

Abstract

With the rapid development of China’s economy, the coordinated development of resident income and GDP has become an important indicator to measure local economic development. How to realize the synergistic growth of the two in the new era is of great significance for promoting the sustainable development of the local economy. Based on the theory of the coordinated development of resident income and GDP, this paper will take Shandong Province as an example to analyze the interaction between resident income growth and GDP, find out the influencing factors that restrict the coordinated development of resident income and GDP, and explore the impact of the coordinated development of resident income and GDP on local economic development. Finally, relevant policies will be studied. How to effectively increase residents’ income, promote the sustainable and healthy development of the local economy, and put forward relevant suggestions to promote the coordinated development of residents’ income and GDP.