An Application of Principal Component Analysis and Factor Analysis on Driving Force of Technological Innovation: Evidence from Eastern China

Author

Zhang, Ming-hong ; Lin, Shao-Wei ; Yin, Xin-Ke

Author_Institution

Dept. of Public Econ., Xiamen Univ., Xiamen, China

fYear

2009

fDate

6-7 June 2009

Firstpage

182

Lastpage

185

Abstract

In this paper, we analyze the driving force of technological innovation based on Principal Component Analysis (PCA) and Factor Analysis (FA) using scientific and technological data from 8 relatively developed provinces (municipalities) in Eastern China. The results show that the influencing factors of technological innovation share high degree of correlation. Education, government investment, labor force input and R&D alliance are the determinants of innovation, and the comprehensive scores of three municipalities by both PCA and FA are higher than other provinces.

Keywords

innovation management; principal component analysis; Eastern China; PCA; R&D alliance; education; factor analysis; government investment; labor force input; principal component analysis; technological innovation; Economic indicators; Educational technology; Humans; Investments; Local government; Marketing and sales; Principal component analysis; Research and development; Statistics; Technological innovation; Factor Analysis; Principal Component Analysis; driving force of technological innovation;

fLanguage

English

Publisher

ieee

Conference_Titel

Future Computer and Communication, 2009. FCC '09. International Conference on

Conference_Location

Wuhan

Print_ISBN

978-0-7695-3676-7

Type

conf

DOI

10.1109/FCC.2009.39

Filename

5235675