Study on Rural Economic Development Based on Factor Analysis - A Case Study of Hubei Province

Abstract

Taking the rural economic indicator data in 17 cities (regions) of Hubei Province in 2009 as samples, this paper establishes evaluation index system of rural economic development in Hubei Province, uses factor analysis method for analysis, and draws out four factors. The conclusion is objective and believable, which meshes with the reality well. Finally the policy suggestions and implementation measures are put forward to promote the rural economic development in Hubei Province as follows: first, promote the farmers' income to increase continuously, and improve the living standards of farmers; second, implement the policies of benefiting farmers and making farmers powerful, and propel the resource factors to be allocated in rural areas; third, promote the level of modern agricultural equipment, and promote the transformation of agricultural development mode; fourth, coordinate and promote urban-rural reform, and speed up the improvement of rural livelihood.