Research on Regional Economic Development of Guizhou Province Based on the Construction of Indicator System of New Quality Productive Forces

Abstract

The development of new quality productive forces is essential for adapting to the evolving demands of the times and the complexities of the international landscape. It also serves as a robust foundation for promoting regional economic development. This study focuses on Guizhou Province as the research area and selects seven indicators representing three dimensions of new quality productive forces: scientific and technological innovation, green development, and high-quality development. By employing principal component analysis, a linear regression model was constructed to investigate their impact on regional development. The findings reveal that new quality productive forces exert a significantly positive influence on the economic development of Guizhou Province, particularly in the areas of scientific and technological innovation, green development, and high-quality development. For instance, the Five-hundred-meter Aperture Spherical Radio Telescope (FAST) and the new energy industry exemplify new quality productive forces, promoting talent aggregation, scientific research, industrial upgrading, and regional coordination. Additionally, they boost the tertiary sector, thereby increasing regional GDP. Furthermore, institutional innovation is vital for advancing new quality productive forces, yet current tax and innovation policies need refinement. This study provides theoretical and practical insights for Guizhou Province and other regions aiming to leverage new quality productive forces for high-quality regional economic development.