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Academic Journal of Business & Management, 2022, 4(5); doi: 10.25236/AJBM.2022.040515.

Empirical Analysis of Economic Development Level of Chinese Provinces Based on PCA


Zile Xu1, Jiaying Liao2

Corresponding Author:
Zile Xu

1Faculty of Mathematics and Statistics, Chongqing University, Chongqing, 401331, China

2School of Finance, Capital University of Economics and Business, Beijing, 110070, China


In the past decades, China's overall economy has maintained growth, the economy of China's provinces in maintaining growth at the same time there are different degrees of change, and the development level of different provinces there are similarities and differences. Therefore, this paper takes the gross regional product (GDP) of 31 provinces including Beijing, Shanghai, Guangdong and Jiangsu from 2018 to 2020 as the dependent variable, uses principal component analysis (PCA) to comprehensively compare the development degree of 31 provinces, and evaluates and analyzes the results, so as to compare and find the similarities and differences of economic development of different provinces. In order to provide theoretical reference and guidance for national and regional development and policy formulation and implementation, the author compares the economic development gap among different provinces in China and reflects on the policy direction and path selection of China's acceleration of economic development in the context of the outbreak of COVID-19.


Principal component analysis; China; Regional economy; Level of development

Cite This Paper

Zile Xu, Jiaying Liao. Empirical Analysis of Economic Development Level of Chinese Provinces Based on PCA. Academic Journal of Business & Management (2022) Vol. 4, Issue 5: 72-76. https://doi.org/10.25236/AJBM.2022.040515.


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