Economic vitality plays an important role in regional comprehensive competitiveness The core goal of this paper is to find how to grasp the key factors to improve the regional economic vitality According to the frequency of occurrence we determine eight factors to be studied In this paper we t ID: 830418
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Analysis and Decision-Making of Regional Economic Vitality
Economic vitality plays an important role in regional comprehensive competitiveness. The core goal of this paper is to find how to grasp the key factors to improve the regional economic vitality. According to the frequency of occurrence, we determine eight factors to be studied. In this paper, we take Shenzhen city as an example to analysis influencing factors of economic vitality, and study the program of action to improve the regional economic vitality. We take quantifiable indicators to represent eight factors and normalize them. The quantized data are tested by KMO test and Bartlett test to determine their correlation. Then, the model of economic vitality is established based on principal component analysis (PCA). After that, the eight factors are classified into two main components: talent related factors and enterprise related factors, and their influence scores are calculated respectively as 0.856 and 0.773.
Abstract
Conclusion
The economy plays an important role in the rise and fall of a country. The purpose of economic development is to meet people's economic needs to the greatest extent and to increase the national wealth faster and more effectively. The regional economic vitality is an important basis to measure the economic development potential of a region or a city. Under such a premise, the study of the factors influencing economic vitality and how to improve the economic vitality has become more and more concerned by the governments of regions or cities. With the purpose to improve their economic vitality, all regions and cities have introduced relevant policies, including reducing the approval procedures for investment, providing financial support for starting businesses, and lowering the threshold for settling down to attract talents. However, due to the different development conditions in different regions, the same policy will often have different effects in different regions or cites. In this case, how to seize the key factors and effectively improve the regional economic vitality is a worth study topic.
Taking Shenzhen as an example, after modeling and analysis, we find that the main factors affecting the regional economic vitality include educational resources and human capital, enterprise entry, attraction to capital, income level, living environment and employment situation. In order to improve the economic vitality of the region, we should increase investment promotion and capital introduction, increase the total investment in fixed assets, increase the personnel policy, increase the income of residents, increase the proportion of education funds and improve the living environment. From the point of view of the change trend of population and enterprise vitality, we calculate that the enterprise factor influence score is 0.856 and the talent factor influence score is 0.773. In the same year, the influence of enterprise factor on regional economic vitality was greater than that of talent factor.
Yupu
GuoScience and Technology on Information Systems Engineering LaboratoryNational University of Defense TechnologyChangsha, China18686073813@163.com
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By improving residential housing area, infrastructure construction, transportation convenience and green area, we can attract investment and talent so that increasing economic vitality.Next, we perform a cluster analysis on the above six elements. We cluster investment attraction, total investment in fixed assets, and income level as enterprise factors, and cluster talent policy, proportion of education funding, and living environment as talent factors. From the perspective of the trend of population and enterprise vitality, we find that economic vitality does not necessarily increase significantly as the population grows, because there is saturation in the population. When the population is saturated, population will be useless, namely, it naturally will not have good effect on promoting of economic vitality, on the contrary, it may hinder economic development.As the above chart shows, the number of enterprises cannot grow indefinitely, because enterprises need talent support. When the number of enterprises is oversaturated and the number of talents is insufficient, the enterprise cannot operate normally, and then the enterprise will fail.As the above chart shows, the number of registered enterprises in Shanghai is larger than that in Shenzhen. However, due to insufficient supply of talents, enterprises cannot operate effectively, and the mortality rate is high. In the end, the number of surviving enterprises in Shanghai is smaller than that in Shenzhen. Based on the above analysis, we conclude that the number of talents and enterprises should reach a relatively balanced level to be most conducive to the development of economic vitality.
Figure 1 Variance accumulation
Figure 3 Urban surviving enterprises and cancelled enterprises
Figure 2 Principal component factor weight
Honghui ChenScience and Technology on Information Systems Engineering LaboratoryNational University of Defense Technology, Changsha, Chinaguoyupu14@nudt.edu.cnZhengjianming12@nudt.edu.cn
Fei CaiScience and Technology on Information Systems Engineering LaboratoryNational University of Defense TechnologyChangsha, China976371191@qq.com
Peng SunDepartment of Management Science and EngineeringNational University of Defense TechnologyChangsha, China875638381@qq.com
Duolong ZhangNational University of Defense TechnologyChangsha, China2723597194@qq.com
Jianming ZhengScience and Technology on Information Systems Engineering LaboratoryNational University of Defense TechnologyChangsha, China