A Comparative Study on the Economic Development of the Six Provinces in Central China Based on Principal Component Analysis
To promote the coordinated development of regional economy in China,a series of policies have been promulgated by the government,which provides a good opportunity for the rise of the central region.The present stage is the key period for the realization of rapid and sustainable development of the central region.Therefore,a full understanding of the region's social and economic situation helps in taking policy advantage to promote the regional competitiveness.This paper adopts the method of principal component analysis,selects comprehensive indicators which can reflect the social and economic development of the six central provinces,and identifies and explains principal component factors that impact social economic development,so as to compare the situations of social economic development of the six provinces in central China,point out the differences of promoting policies in different regions and take the effective coping strategies.