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International Journal of Economic Theory and Application

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Study on the Comprehensive Evaluation of the Economic Development Levels of Prefecture-Level Cities in Shandong Province

International Journal of Economic Theory and Application
Vol.5 , No. 1, Publication Date: Jan. 25, 2018, Page: 22-28

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Authors

[1]	Shaomei Yang, Department of Economics and Management, North China Electric Power University, Baoding, China.
[2]	Ting Wang, Department of Economics and Management, North China Electric Power University, Baoding, China.

Abstract

The reasonable appraisal of the level of economic development can’t be ignored as a guide for the adoption and implementation of the policy. In order to evaluate the level of economic development of all prefecture-level cities in Shandong Province, this paper selects 10 statistical indicators from 17 prefecture-level cities in Shandong Province and uses factor analysis method to carry out empirical analysis, and extracts the factors of comprehensive economic strength of cities and living standards of urban residents Factor of 2 public factors and clustering analysis of 17 prefecture-level cities based on public factor score matrix, the level of economic development in all prefecture-level cities in Shandong Province is divided into five levels, and accordingly for the formulation and implementation of relevant economic policies give the appropriate advice.

Keywords

Factor Analysis, Cluster Analysis, Shandong Province, Prefecture Level-City, Economic Development Level

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