EV-NET: An Analysis Model of Regional Economic Vitality Based on Network Model

Abstract

Regional economic vitality represents the current level of economic development and future economic growth potential of the region, and it is very important to study the factors that affect regional economic vitality, find out the key parts of them, and propose measures to improve regional economic vitality. In this paper, we innovatively propose a EV-NET model based on network to analyze the influencing factors of regional economic vitality, use network analysis to find out the key parts, and combine the vector autoregressive model to analyze the short-term and long-term effects of economic policy transformation on the regional economy vitality. Data analysis results show that the financial budget of local governments, the development of the financial industry, and the living and working environment of local residents have a greater impact on the vitality of the regional economy. At the same time, the transformation of economic policies has a greater impact on local finances and local income levels in the short-term, and for the long-term impact, the tertiary industry will be the most affected.