Analysis of Urban Economic Vitality Index based on Principal Component Analysis

Yidan Liu 1* , Yujia Cheng 2 , Fang Sun 3

1 School of Finance, Anhui University of Finance and Economics, Bengbu, 233000, China

2 School of Economics, Anhui University of Finance and Economics, Bengbu, 233000, China

3 School of Management Science and Engineering, Anhui University of Finance and Economics, Bengbu, 233000, China

Abstract: With the continuous development of economy and the deepening of urbanization, while the city construction has made remarkable achievements, some deep-seated problems are gradually emerging. The high energy consumption, high pollution and low output of traditional cities have caused the urban environment pollution, old urban facilities and unreasonable urban management planning, which have hindered the urban development vitality and rising space. In order for a city to break through numerous obstacles and regain its life, it is necessary to understand the factors influencing the economic vitality of the city, know the advantages and disadvantages of the city, and define the development direction of the city in the future. This paper aims to ｓｅｌｅｃｔ several representative cities and representative indicators, use principal component analysis to explore the factors affecting urban economic vitality, from qualitative and quantitative aspects to build the index system of urban economic vitality, and give corresponding Suggestions to help the city to develop more healthy and sustainable.

Keywords: Index system of urban economic vitality; Economic vitality; Principal component analysis