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Development of County Economy in Hubei Province Based on Factor Analysis

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  • Feng, Jian-zhong
  • He, Xian-ping

Abstract

According to the 2008 Statistics Bulletin of the National Economic and Social Development of Hubei Province, factor analysis method is used to study on the development of county economy in Hubei Province. Result shows that there are great differences in the economic development and the development is imbalanced. The 76 counties (cities, districts) in Hubei Province are divided into three types of >1, and , that is, areas with relatively developed county economy, areas with medium developed county economy and areas with less developed county economy. Finally, countermeasures to accelerate the development of county economy are put forward, such as adhering to the reform of market economy, developing private economy, speed up the process of industrialization, making efforts to support leading enterprises, promoting the industrialized operation of agriculture, further attracting foreign investment, carrying out industrialization during the development of projects and enterprises, changing soft environment by measures, and promoting the development of county economy by innovation.

Suggested Citation

  • Feng, Jian-zhong & He, Xian-ping, 2010. "Development of County Economy in Hubei Province Based on Factor Analysis," Asian Agricultural Research, USA-China Science and Culture Media Corporation, vol. 2(12), pages 1-4, December.
    • Handle: RePEc:ags:asagre:102392
    DOI: 10.22004/ag.econ.102392
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    Keywords

    Agribusiness;

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