TITLE:
Research on the Competitiveness Evaluation of Private Economy Based on Principal Component Analysis
AUTHORS:
Chun Yang, Lianhong Guo, Hongwei Wen
KEYWORDS:
Private Enterprises, Competitiveness, Evaluation Index System, Principal Component Analysis
JOURNAL NAME:
Open Journal of Social Sciences,
Vol.9 No.10,
October
21,
2021
ABSTRACT: The rapid development of private economy has made great contributions to
the cause of socialism with Chinese characteristics. In order to promote the
development of private economy to a higher level, this paper analyzes the
development of private economy in Guangdong Province in recent years,
constructs the evaluation index system of regional private economy
competitiveness from six dimensions of regional economic strength, business
environment, profitability, innovation
ability, development potential and corporate social responsibility, and
determines the weight of each evaluation index by principal component analysis of private economy competitiveness evaluation model. The
results show that the overall competitiveness of private enterprises in
Guangdong Province is increasing year by year, the scores of each index are
also increasing year by year, and some indexes fluctuate greatly. According to
the score of each index, this paper puts forward the countermeasures to enhance
the competitiveness of private economy in Guangdong Province, so as to promote
the healthy and sustainable development of private enterprise economy.