Sports Investment, Industrial Development and Social Sports Construction——VAR Model Analysis based on Data of Beijing

Abstract

Based on the time series data of Beijing from 2002 to 2018, the econometric methods such as VAR model, impulse response analysis and analysis of variance were used to empirically study the dynamic relationship between sports industry investment, sports industry development and social sports construction. The research results show that there is a long-term equilibrium relationship between sports industry investment, sports industry development and social sports construction. Sports industry investment, sports industry development promotes sports infrastructure construction; the development of competitive sports has a positive effect on the development of sports industry. The capital investment of sports industry has long-term impact on economic sports development; the development of mass sports requires capital investment and market guidance. The development of mass sports has promoted the development of the sports industry. Therefore, the construction of “precision” of sports infrastructure should be guided by social needs; the development of competitive sports needs to be supplemented by market machines to make up for the shortcomings of the national system and achieve coordinated development of competitive sports, mass sports and sports industries.