Big data reveal the status of economic development

Jian Gao, Tao Zhou

Research output: Contribution to journalArticlepeer-review

19 Scopus citations

Abstract

With the advent of the era of big data, both the quantity and quality of economic activity related data have been enormously enriched and improved. By analyzing these large-scale data from socio-economic systems, we have the opportunity to quantify the status of economic development instantaneously and accurately with nearly no cost. In this paper, focusing on how big data reveal the status of economic development, we briefly summary the applications of different types of big data on quantifying macro-economic structures and micro-social status. Further, we discuss and provide some promising ways to apply big data to improve regional economic development strategies and upgrade macro industrial structures.

Original languageEnglish (US)
Pages (from-to)625-633
Number of pages9
JournalDianzi Keji Daxue Xuebao/Journal of the University of Electronic Science and Technology of China
Volume45
Issue number4
DOIs
StatePublished - Jul 30 2016

Keywords

  • Big data
  • Economic complexity
  • Economic development
  • Industrial structure
  • Socio-economic systems

ASJC Scopus subject areas

  • Electrical and Electronic Engineering

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