Academic Journal of Business & Management, 2022, 4(3); doi: 10.25236/AJBM.2022.040311.
Yuqi Yin1, Jingwen Liang2
1School of Economics and Management, Shanghai Maritime University, Shanghai, 201306, China
2School of Economics and Finance, Zhanjiang University of Science and Technology, Zhanjiang, Guangdong, 524084, China
As one of the most economically developed cities in China, Shanghai is very necessary to study the influencing factors of its economic development. This paper constructs an indicator system from the aspects of economic growth, technological innovation, foreign trade, etc., and selects the principal component analysis method to conduct an empirical analysis of the factors affecting Shanghai's economy. Research shows that technological innovation and environment contribute the most to Shanghai's GDP, followed by per capita disposable income and tertiary industry. Through the analysis of the influencing factors of Shanghai's economy, the corresponding conclusions are drawn, which provides a reference for Shanghai to issue corresponding policies.
Shanghai, principal component analysis, GDP
Yuqi Yin, Jingwen Liang. Research on the Influencing Factors of Shanghai GDP Based on Principal Component Analysis. Academic Journal of Business & Management (2022) Vol. 4, Issue 3: 58-64. https://doi.org/10.25236/AJBM.2022.040311.
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