Analysis on the Influencing Factors of International Competitiveness of Service Trade in Zhejiang Province
—Based on Principal Component Analysis
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Xu Yingchang, Xu Yi, Chen Yongqiang
Zhejiang Province is a coastal province with high degree of opening up and developed economy, which has regional advantages. In the wave of globalization of service trade, the development of service trade will bring new opportunities for its development. Based on Porter-DIA model, this paper collects the data of Zhejiang Province from 2006 to 2017, calculates the competitiveness of Zhejiang Province in service trade by using principal component analysis, evaluates and analyzes it with objective numerical values, and clearly understands the competitiveness of Zhejiang Province's service trade, so as to enhance the objective understanding of the overall strength of Zhejiang Province's service trade.
Trade in services; Competitiveness; DIA model; Principal component analysis