Quantifying and Enhancing Regional Economic Vitality: A Multifaceted Approach to Urban Development and Policy Impact Analysis

Abstract

Quantifying economic vitality through economic data and evaluating indicators to inform economic policy poses a significant challenge. This paper proposes an appropriate strategy for enhancing a city's economic vitality by developing a relevant urban economic vitality model and analyzing pertinent data. Addressing the first issue, we examine the factors influencing regional economic vitality and devise a corresponding improvement plan. Concerning the second issue, we evaluate the impact of changes in economic policy on the regional economy within a specific area. For the third issue, we construct a model to assess and rank regional economic vitality. Lastly, for the fourth issue, we offer recommendations from three different perspectives.