There is a significant variation in how different factors influence the development of the sporting goods manufacturing industry. According to empirical test results from October 28, 2014, at 09:10, the impact of residents' cultural education levels and per capita income on this industry differs considerably across regions. For example, provinces such as Zhejiang, Fujian, Jiangsu, Guangxi, and Tianjin, as well as areas in southern and northern China, may have similar levels of education and income, yet their roles in driving the sporting goods manufacturing sector vary greatly.
When analyzing the influence coefficients, it's clear that without considering other external factors, the main reason for these differences lies in the fact that the development of China’s sporting goods industry isn't solely shaped by education and income levels. Other key elements, such as national or local policies, industrial strategies, market conditions, and resource availability, also play crucial roles, leading to noticeable variations in influence across regions.
Empirical analysis shows a long-term co-integration relationship between the level of cultural education, national income, and the development of the sporting goods manufacturing industry over time. In most regions of China, both the education level and per capita income of residents have a positive, long-term effect on this industry. However, the impact of national income levels tends to be stronger than that of cultural education, with varying degrees of influence across different regions.
This study focuses on internal factors like cultural education and income from the perspective of sports consumption, but it's important to note that other factors—such as technological innovation, industrial structure, human resources, foreign investment, trade, brand strength, and even financial crises—can also significantly affect the growth of the sporting goods manufacturing sector. The author plans to continue exploring these aspects in future research to gain a more comprehensive understanding.
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